Prabhudas Lilladher has come out with its fourth quarter (January-March’ 23) earnings estimates for the Travel & Tourism sector. The brokerage house expects IRCTC to report net profit at Rs. 258.6 crore up 19.4% year-on-year (up 1.7% quarter-on-quarter).
Net Sales are expected to increase by 36.6 percent Y-o-Y (up 2.8 percent Q-o-Q) to Rs. 944.2 crore, according to Prabhudas Lilladher.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 22.7 percent Y-o-Y (up 4.4 percent Q-o-Q) to Rs. 340.2 crore.
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