ICICI Direct has come out with its fourth quarter (Jan-March 18) earnings estimates for the Construction & Roads sector. The brokerage house expects Ashoka Buildcon to report net profit at Rs. 68 crore up 4.1% year-on-year (up 30.8% quarter-on-quarter).
Net Sales are expected to increase by 10.7 percent Y-o-Y (up 2.5 percent Q-o-Q) to Rs. 675.5 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 34.7 percent Y-o-Y (up 7.6 percent Q-o-Q) to Rs. 85.6 crore.
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