Indoco Remedies Q2 PAT seen up 53.9% YoY to Rs 38.6 cr: Prabhudas Lilladher

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Prabhudas Lilladher has come out with its second quarter (July-September’ 21) earnings estimates for the Pharma sector. The brokerage house expects Indoco Remedies to report net profit at Rs 38.6 crore up 53.9% year-on-year (down 2.5% quarter-on-quarter).

Net Sales are expected to increase by 24.2 percent Y-o-Y (up 5.1 percent Q-o-Q) to Rs 400.5 crore, according to Prabhudas Lilladher.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 42 percent Y-o-Y (down 4.2 percent Q-o-Q) to Rs 78.1 crore.

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