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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 Tata Steel to report net profit at Rs.9,676 crore up 155% year-on-year (down -23% quarter-on-quarter).
Net Sales are expected to increase by 41 percent Y-o-Y (down 2 percent Q-o-Q) to Rs. 59,280 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 67 percent Y-o-Y (down 3 percent Q-o-Q) to Rs. 15,956 crore.
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