Kotak has come out with its third quarter (July-September’ 19) earnings estimates for the Construction Materials sector. The brokerage house expects ACC to report net profit at Rs. 373 crore up 81.4% year-on-year (down 17.4% quarter-on-quarter).
Net Sales are expected to increase by 4.5 percent Y-o-Y (down 13.6 percent Q-o-Q) to Rs. 3,587.1 crore, according to Kotak.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 29.9 percent Y-o-Y (down 26.5 percent Q-o-Q) to Rs. 574.7 crore.
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