Prabhudas Lilladher has come out with its second quarter (July-September’ 22) earnings estimates for the Travel and Tourism sector. The brokerage house expects IRCTC to report net profit at Rs. 247.2 crore up 55.9% year-on-year (up 0.7% quarter-on-quarter).
Net Sales are expected to increase by 111.6 percent Y-o-Y (up 0.5 percent Q-o-Q) to Rs. 856.9 crore, according to Prabhudas Lilladher.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 51.8 percent Y-o-Y to Rs. 321.1 crore.
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