ICICI Direct has come out with its second quarter (July-September’ 19) earnings estimates for the Metals & Mining sector. The brokerage house expects Hindalco to report net profit at Rs. 185 crore down 74.5% year-on-year (up 10.8% quarter-on-quarter).
Net Sales are expected to decrease by 7.8 percent Y-o-Y (down 0.6 percent Q-o-Q) to Rs. 9,991.3 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 33.7 percent Y-o-Y (up 0.9 percent Q-o-Q) to Rs. 1,151.8 crore.
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