Apollo Pipes Q2 PAT may dip 42.3% YoY to Rs. 8.1 cr: Yes Securities

Yes Securities has come out with its second quarter (July-September’ 22) earnings estimates for the Building Materials sector. The brokerage house expects Apollo Pipes to report net profit at Rs. 8.1 crore down 42.3% year-on-year (down 8.2% quarter-on-quarter).

Net Sales are expected to increase by 4 percent Y-o-Y (down 1.1 percent Q-o-Q) to Rs. 216.5 crore, according to Yes Securities.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 397 percent Y-o-Y (down 66 percent Q-o-Q) to Rs. 18.4 crore.

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