Edelweiss has come out with its first quarter (April-June) earnings estimates for the pharmaceuticals sector. The brokerage house expects Apollo Hospitals to report a 8.8 percent degrowth quarter-on-quarter (degrowth of 24 percent year-on-year) in net profit at Rs 69 crore.Net Sales are expected to increase by 1.5 percent Q-o-Q (up 12 percent Y-o-Y) to Rs 1416.8 crore, according to Edelweiss.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 2.1 percent Q-o-Q (down 0.6 percent Y-o-Y) to Rs 180 crore.
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