ICICI Direct has come out with its third quarter (October-December’ 18) earnings estimates for the Healthcare sector. The brokerage house expects Ajanta Pharma to report net profit at Rs. 95.8 crore down 35.1% year-on-year (down 23.6% quarter-on-quarter).
Net Sales are expected to decrease by 11 percent Y-o-Y (down 3.9 percent Q-o-Q) to Rs. 522.6 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 32.8 percent Y-o-Y (down 20.1 percent Q-o-Q) to Rs. 132.7 crore.
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