Kotak has come out with its second quarter (July-September' 19) earnings estimates for the Construction Materials sector. The brokerage house expects Grasim Industries to report net profit at Rs. 624.7 crore down 43% year-on-year (up 42.1% quarter-on-quarter).
Net Sales are expected to decrease by 1.7 percent Y-o-Y (up 0.6 percent Q-o-Q) to Rs. 5,032.4 crore, according to Kotak.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 14.1 percent Y-o-Y (up 9 percent Q-o-Q) to Rs. 919.3 crore.
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