Yes Securities has come out with its third quarter (October-December’ 20) earnings estimates for the Cement sector. The brokerage house expects Birla Corp to report net profit at Rs. 152.7 crore up 87.4% year-on-year (down 8.3% quarter-on-quarter).
Net Sales are expected to increase by 3 percent Y-o-Y (up 6.8 percent Q-o-Q) to Rs. 1,766.5 crore, according to Yes Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 294.8 percent Y-o-Y (down 300.9 percent Q-o-Q) to Rs. 355.5 crore.
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