Prabhudas Lilladher has come out with its third quarter (October-December’ 20) earnings estimates for the Cement sector. The brokerage house expects Ambuja Cement to report net profit at Rs. 3,516 crore up 30.2% year-on-year (up 3.9% quarter-on-quarter).
Net Sales are expected to increase by 12.3 percent Y-o-Y (up 21.7 percent Q-o-Q) to Rs. 30,380 crore, according to Prabhudas Lilladher.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 43.2 percent Y-o-Y (up 2.2 percent Q-o-Q) to Rs. 4,495 crore.
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.