Kotak has come out with its second quarter (July-September’ 19) earnings estimates for the Commodity Chemicals sector. The brokerage house expects Tata Chemicals to report net profit at Rs. 337.4 crore up 4.9% year-on-year (up 55.8% quarter-on-quarter).
Net Sales are expected to increase by 7.5 percent Y-o-Y (up 9.9 percent Q-o-Q) to Rs. 3,182.7 crore, according to Kotak.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 9.6 percent Y-o-Y (up 11.4 percent Q-o-Q) to Rs. 659.6 crore.
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