ICICI Direct has come out with its second quarter (July-September’ 19) earnings estimates for the Cement sector. The brokerage house expects UltraTech Cement to report net profit at Rs. 846.6 crore up 116.7% year-on-year (down 11.2% quarter-on-quarter).
Net Sales are expected to increase by 7.9 percent Y-o-Y (down 15.5 percent Q-o-Q) to Rs. 8,474.5 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 49.1 percent Y-o-Y (down 12 percent Q-o-Q) to Rs. 1,928.5 crore.
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