ICICI Direct has come out with its first quarter (April-June’ 21) earnings estimates for the Cement sector. The brokerage house expects Sagar Cements to report net profit at Rs. 40.7 crore up 13.1% year-on-year (down 18.4% quarter-on-quarter).
Net Sales are expected to increase by 28 percent Y-o-Y (down 19.1 percent Q-o-Q) to Rs. 338 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 5 percent Y-o-Y (down 12.4 percent Q-o-Q) to Rs. 91.3 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.
Read More