Nirmal Bang has come out with its second quarter (July - September’ 24) earnings estimates for the CEMENT sector. The brokerage house expects UltraTech Cement to report net profit at Rs 1,486.1 crore up 95.9% year-on-year (down 12.1% quarter-on-quarter).
Net Sales are expected to increase by 15.8 percent Y-o-Y (down 9.3 percent Q-o-Q) to Rs 16,081.5 crore, according to Nirmal Bang.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 49.2 percent Y-o-Y (down 8.6 percent Q-o-Q) to Rs 2,785.5 crore.
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