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ICICI Direct has come out with its first quarter (April-June’ 21) earnings estimates for the Cement sector. The brokerage house expects UltraTech Cement to report net profit at Rs. 1,457.3 crore up 80.9% year-on-year (down 18% quarter-on-quarter).
Net Sales are expected to increase by 54.9 percent Y-o-Y (down 18.2 percent Q-o-Q) to Rs. 11,423.5 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 49.4 percent Y-o-Y (down 16.8 percent Q-o-Q) to Rs. 2,920.9 crore.
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