ICICI Direct has come out with its fourth quarter (January-March’ 22) earnings estimates for the Logistics sector. The brokerage house expects Adani Ports & SEZ to report net profit at Rs. 1,443 crore up 8.7% year-on-year (up 1.4% quarter-on-quarter).
Net Sales are expected to increase by 3.2 percent Y-o-Y (down 1.9 percent Q-o-Q) to Rs. 3,724 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 3.2 percent Y-o-Y (down 2.9 percent Q-o-Q) to Rs. 2,361 crore.
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