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ICICI Direct has come out with its third quarter (October-December’ 21) earnings estimates for the Metals & Mining sector. The brokerage house expects Hindalco to report net profit at Rs.1,529 crore up 209% year-on-year (down 16% quarter-on-quarter).
Net Sales are expected to increase by 53 percent Y-o-Y (down 5 percent Q-o-Q) to Rs. 16,565 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 113 percent Y-o-Y (down 10 percent Q-o-Q) to Rs. 3,253 crore.
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