ICICI Direct has come out with its first quarter (April-June’ 21) earnings estimates for the Real Estate sector. The brokerage house expects Kajaria Ceramics to report net profit at Rs. 41.6 crore (down 67.3% quarter-on-quarter).
Net Sales are expected to increase by 121.1 percent Y-o-Y (down 35.6 percent Q-o-Q) to Rs. 613.8 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to (down 58.2 percent Q-o-Q) to Rs. 79.8 crore.
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