ICICI Direct has come out with its third quarter (October-December’ 20) earnings estimates for the Metal and Mining sector. The brokerage house expects Hindalco to report net profit at Rs. 358 crore up 36.6% year-on-year (up 9.5% quarter-on-quarter).
Net Sales are expected to decrease by 2.6 percent Y-o-Y (up 4.4 percent Q-o-Q) to Rs. 9,989 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 9.4 percent Y-o-Y (up 10.8 percent Q-o-Q) to Rs. 1,413 crore.
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