Motilal Oswal has come out with its fourth quarter (January-March’ 21) earnings estimates for the Cement sector. The brokerage house expects J K Cements to report net profit at Rs. 259.3 crore up 45.4% year-on-year (up 8.8% quarter-on-quarter).
Net Sales are expected to increase by 37.4 percent Y-o-Y (up 15.4 percent Q-o-Q) to Rs. 2,030.6 crore, according to Motilal Oswal.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 33.8 percent Y-o-Y (up 3.2 percent Q-o-Q) to Rs. 463.3 crore.
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