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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 Ratnamani Metals and Tube to report net profit at Rs.99 crore up 64% year-on-year (up -37% quarter-on-quarter).
Net Sales are expected to increase by 98 percent Y-o-Y (up 22 percent Q-o-Q) to Rs. 872 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 77 percent Y-o-Y (up 28 percent Q-o-Q) to Rs. 142 crore.
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