ICICI Direct has come out with its first quarter (April-June’ 21) earnings estimates for the Healthcare sector. The brokerage house expects Sun Pharma to report net profit at Rs 1,417.3 crore up 23.7% year-on-year (up 5.5% quarter-on-quarter).
Net Sales are expected to increase by 19.5 percent Y-o-Y (up 6.3 percent Q-o-Q) to Rs 9062.7 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 19.5 percent Y-o-Y (up 7.6 percent Q-o-Q) to Rs 2,203.9 crore.
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