HDFC Securities has come out with its second quarter (January-March’ 20) earnings estimates for the Chemical sector. The brokerage house expects Alkyl Amines to report net profit at Rs. 26 crore down 14.2% year-on-year (up 50.8% quarter-on-quarter).
Net Sales are expected to decrease by 15.4 percent Y-o-Y (down 8.5 percent Q-o-Q) to Rs. 217 crore, according to HDFC Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 39.3 percent Y-o-Y (up 14.8 percent Q-o-Q) to Rs. 44 crore.
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