Nirmal Bang has come out with its first quarter (April-June) earnings estimates for the metals sector. The brokerage house expects Sterlite Industries to report a 46 percent degrowth quarter-on-quarter (degrowth of 19 percent year-on-year) in net profit at Rs 902.7 crore.
Revenues are expected to decrease by 43.6 percent Q-o-Q (down 32.9 percent Y-o-Y) to Rs 7145.7 crore, according to Nirmal Bang.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 31.5 percent Q-o-Q (down 1.8 percent Y-o-Y) to Rs 2266.1 crore.
EBITDA margin or operating profit margin is likely to be at 31.7 percent in June quarter as against 26.1 percent in March quarter and 21.7 percent in a year ago period.
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