Emkay has come out with its second quarter (July-September’ 19) earnings estimates for the Pharmaceuticals sector. The brokerage house expects Torrent Pharma to report net profit at Rs. 220.3 crore up 8% year-on-year (up 2% quarter-on-quarter).
Net Sales are expected to increase by 9.4 percent Y-o-Y (up 2,5 percent Q-o-Q) to Rs. 2,073 crore, according to Emkay.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 10 percent Y-o-Y (up 2 percent Q-o-Q) to Rs. 549.3 crore.
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