Kotak has come out with its third quarter (July-September’ 19) earnings estimates for the Construction Materials sector. The brokerage house expects Ambuja Cements to report net profit at Rs. 373.9 crore up 109.4% year-on-year (down 9.3% quarter-on-quarter).
Net Sales are expected to increase by 2.2 percent Y-o-Y (down 10.3 percent Q-o-Q) to Rs. 2,672.6 crore, according to Kotak.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 54.3 percent Y-o-Y (down 20.9 percent Q-o-Q) to Rs. 552.7 crore.
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