ICICI Direct has come out with its second quarter (July-September’ 19) earnings estimates for the Capital Goods & Power sector. The brokerage house expects CESC to report net profit at Rs. 313.3 crore up 15.6% year-on-year (up 44.4% quarter-on-quarter).
Net Sales are expected to increase by 5.4 percent Y-o-Y (down 0.8 percent Q-o-Q) to Rs. 2,340 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 8.8 percent Y-o-Y (up 25.7 percent Q-o-Q) to Rs. 555.8 crore.
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