India Cements Q4 up by 14.4 per cent
KR Choksey has come out with its fourth quarter (January-March) earnings estimates for the Cement sector. The brokerage house expects India Cements to report net profit at 40.4 crore up 14.4% quarter-on-quarter. Net Sales are expected to increase by 4.7 percent Q-o-Q (up 1.5 percent Y-o-Y) to Rs 1331.2 crore, according to KR Choksey. Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 3 percent Q-o-Q (down 9.6 percent Y-o-Y) to Rs 197.3 crore.
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