IRB Infrastructure Q2 PAT may dip 13.2% YoY to Rs. 150 cr: Sharekhan

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Net Sales are expected to increase by 8.3 percent Y-o-Y (down 12.5 percent Q-o-Q) to Rs. 1,551 crore, according to Sharekhan.

Sharekhan has come out with its second quarter (July-September’ 19) earnings estimates for the Cement/Infra/Building Materials sector. The brokerage house expects IRB Infrastructure to report net profit at Rs. 150 crore down 13.2% year-on-year (down 27.3% quarter-on-quarter).

Net Sales are expected to increase by 8.3 percent Y-o-Y (down 12.5 percent Q-o-Q) to Rs. 1,551 crore, according to Sharekhan.

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