ICICI Direct has come out with its third quarter (October-December’ 20) earnings estimates for the Cement sector. The brokerage house expects Shree Cement to report net profit at Rs. 485.6 crore up 56.7% year-on-year (down 11.3% quarter-on-quarter).
Net Sales are expected to increase by 16.4 percent Y-o-Y (up 9.7 percent Q-o-Q) to Rs. 3,314.2 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 12.5 percent Y-o-Y (down 3.3 percent Q-o-Q) to Rs. 955.3 crore.
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