ICICI Direct has come out with its third quarter (October-December’ 21) earnings estimates for the Logistics sector. The brokerage house expects Adani Port and SEZ to report net profit at Rs. 1,172.2 crore down 25.8% year-on-year (up 25.7% quarter-on-quarter).
Net Sales are expected to decrease by 8 percent Y-o-Y (down 2.5 percent Q-o-Q) to Rs. 3,445.5 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 14.4 percent Y-o-Y (down 3.5 percent Q-o-Q) to Rs. 2,129.3 crore.
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