India Cement Q2 PAT may dip 46% YoY to Rs. 14.3 cr

ICICI Direct has come out with its second quarter (July-September’ 18) earnings estimates for the Cement sector. The brokerage house expects India Cement to report net profit at Rs. 14.3 crore down 46% year-on-year (down 71.5% quarter-on-quarter). Net Sales are expected to decrease by 5.8 percent Y-o-Y (up 1.2 percent Q-o-Q) to Rs. 1,377 crore, according to ICICI Direct. Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 19 percent Y-o-Y (down 29.5 percent Q-o-Q) to Rs. 150.4 crore.