16 july 2024 Punjab Khabarnama : Emkay has come out with its first quarter (April – June’ 25) earnings estimates for the Cement sector. The brokerage house expects Shree Cement to report net profit at Rs 437.5 crore down 24.7% year-on-year (down 33.9% quarter-on-quarter).
Net Sales are expected to decrease by 2.6 percent Y-o-Y (down 4.5 percent Q-o-Q) to Rs 4,870.6 crore, according to Emkay.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 20.7 percent Y-o-Y (down 15.2 percent Q-o-Q) to Rs 1,125.8 crore.
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