Arihant Capital 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. 1,355 crore up 70% year-on-year (down 24% quarter-on-quarter).
Net Sales are expected to increase by 47 percent Y-o-Y (down 22 percent Q-o-Q) to Rs. 11,225 crore, according to Arihant Capital.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 33 percent Y-o-Y (down 25 percent Q-o-Q) to Rs. 2,767.8 crore.
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