ICICI Direct has come out with its first quarter (April-June’ 21) earnings estimates for the Cement sector. The brokerage house expects JK Cement to report net profit at Rs. 158.9 crore up 104.4% year-on-year (up 150.8% quarter-on-quarter).
Net Sales are expected to increase by 80.7 percent Y-o-Y (down 15 percent Q-o-Q) to Rs. 1,743.7 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 65.1 percent Y-o-Y (down 19 percent Q-o-Q) to Rs. 355.5 crore.
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