Yes Securities has come out with its second quarter (July-September’ 22) earnings estimates for the Building Materials sector. The brokerage house expects Kajaria Ceramics to report net profit at Rs. 86.7 crore down 27.3% year-on-year (down 6.7% quarter-on-quarter).
Net Sales are expected to increase by 6.2 percent Y-o-Y (up 2.6 percent Q-o-Q) to Rs. 1,034.2 crore, according to Yes Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 454 percent Y-o-Y (down 123 percent Q-o-Q) to Rs. 144.8 crore.
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