ICICI Securities has come out with its first quarter (April-June) earnings estimates for the Cement sector. The brokerage house expects ACC to report net profit at 144.1 crore up 75.7% year-on-year (down 55.8 quarter-on-quarter).
Net Sales are expected to increase by 15.8 percent Y-o-Y (down 13.5 percent Q-o-Q) to Rs. 2864.5 crore, according to ICICI Securities.
Earnings before interest, tax, depreciation and amortization (EBITDA) are likely to rise by 27.4 percent Y-o-Y (down 45.3 percent Q-o-Q) to Rs. 348.6 crore.
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