ICICI Direct has come out with its third quarter (October-December’ 20) earnings estimates for the Cement sector. The brokerage house expects JK Laxmi Cement to report net profit at Rs. 75.2 crore up 52.9% year-on-year (down 6.7% quarter-on-quarter).
Net Sales are expected to increase by 11.6 percent Y-o-Y (up 7.3 percent Q-o-Q) to Rs. 1,121.3 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 18.8 percent Y-o-Y (down 3.3 percent Q-o-Q) to Rs. 180.5 crore.
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