ICICI Direct has come out with its fourth quarter (Jan-March 18) earnings estimates for the Construction & Roads sector. The brokerage house expects IRB Infra to report net profit at Rs. 233.3 crore up 12.6% year-on-year (up 12.4% quarter-on-quarter).
Net Sales are expected to decrease by 12.6 percent Y-o-Y (up 9.8 percent Q-o-Q) to Rs. 1,422.8 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 18.5 percent Y-o-Y (up 6.3 percent Q-o-Q) to Rs. 669.8 crore.
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