ICICI Direct has come out with its first quarter (April-June’ 21) earnings estimates for the Consumer Discretionary sector. The brokerage house expects Astral Poly Technik to report net profit at Rs. 61.9 crore up 205% year-on-year (down 64.8% quarter-on-quarter).
Net Sales are expected to increase by 51.7 percent Y-o-Y (down 45.7 percent Q-o-Q) to Rs. 612.7 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 108.8 percent Y-o-Y (down 55.5 percent Q-o-Q) to Rs. 113.4 crore.
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