ICICI Direct has come out with its fourth quarter (Jan-March 18) earnings estimates for the Construction & Roads sector. The brokerage house expects PNC Infratech to report net profit at Rs. 63 crore up 87% year-on-year (down 30.5% quarter-on-quarter).
Net Sales are expected to increase by 88.9 percent Y-o-Y (up 40.1 percent Q-o-Q) to Rs. 662 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 88.5 percent Y-o-Y (up 34.8 percent Q-o-Q) to Rs. 89.3 crore.
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