Nirmal Bang has come out with its first quarter (April-June' 24) earnings estimates for the Cement sector. The brokerage house expects Ambuja Cement to report net profit at Rs. 1,066.9 crore up 1.8% year-on-year (up 112.4% quarter-on-quarter).
Net Sales are expected to increase by 13.8 percent Y-o-Y (up 6.7 percent Q-o-Q) to Rs. 4,542.8 crore, according to Nirmal Bang.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 31.7 percent Y-o-Y (up 14.4 percent Q-o-Q) to Rs. 901.8 crore.
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