Kotak has come out with its second quarter (July-September’ 19) earnings estimates for the Construction Materials sector. The brokerage house expects JK Lakshmi Cement to report net profit at Rs. 37.1 crore up 375.3% year-on-year (down 5.8% quarter-on-quarter).
Net Sales are expected to increase by 10.3 percent Y-o-Y (down 9.8 percent Q-o-Q) to Rs. 939.3 crore, according to Kotak.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 39.9 percent Y-o-Y (down 24.5 percent Q-o-Q) to Rs. 128.2 crore.
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