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Motilal Oswal has come out with its third quarter (October-December) earnings estimates for the Cement sector. The brokerage house expects India Cement to report net profit at 48.1 crore down 22.9% quarter-on-quarter. Net Sales are expected to decrease by 8.8 percent Q-o-Q (up 28.2 percent Y-o-Y) to Rs 1191.9 crore, according to Motilal Oswal. Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 10.4 percent Q-o-Q (up 37.6 percent Y-o-Y) to Rs 201.1 crore.

Source: Moneycontrol.com