ICICI Direct has come out with its third quarter (October-December’ 20) earnings estimates for the Chemicals sector. The brokerage house expects Sudarshan chemical to report net profit at Rs. 34.5 crore up 21.9% year-on-year (up 13.7% quarter-on-quarter).
Net Sales are expected to increase by 9.6 percent Y-o-Y (up 8.3 percent Q-o-Q) to Rs. 464.3 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 20 percent Y-o-Y (up 7.7 percent Q-o-Q) to Rs. 72.9 crore.
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