Biocon Q1 PAT seen up 21% YoY to Rs 180.7 cr: ICICI Direct

ICICI Direct has come out with its first quarter (April-June’ 21) earnings estimates for the Healthcare sector. The brokerage house expects Biocon to report net profit at Rs 180.7 crore up 21% year-on-year (down 25.5% quarter-on-quarter).

Net Sales are expected to increase by 13.4 percent Y-o-Y (up 3.1 percent Q-o-Q) to Rs 1,895.3 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 9.7 percent Y-o-Y (up 4.1 percent Q-o-Q) to Rs 453.5 crore.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.