YES Securities has come out with its fourth quarter (January-March’ 21) earnings estimates for the Capital Goods & Defense sector. The brokerage house expects Larsen & Toubro to report net profit at Rs 3,907.8 crore up 27.5% year-on-year (up 73.1% quarter-on-quarter).
Net Sales are expected to increase by 4.5 percent Y-o-Y (up 29.9 percent Q-o-Q) to Rs 46,237.6 crore, according to YES Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 31.6 percent Y-o-Y (down 76.5 percent Q-o-Q) to Rs 5,205.5 crore.
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