Arihant Capital has come out with its first quarter (April-June’ 21) earnings estimates for the Cement sector. The brokerage house expects The Ramco Cement to report net profit at Rs. 220 crore up 101% year-on-year (up 6% quarter-on-quarter).
Net Sales are expected to increase by 27 percent Y-o-Y (down 19 percent Q-o-Q) to Rs. 1,325 crore, according to Arihant Capital.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 54 percent Y-o-Y (down 11 percent Q-o-Q) to Rs. 400 crore.
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