Biocon Q1 PAT seen up 70.8% YoY to Rs. 138.9 cr: Kotak

Kotak has come out with its first quarter (April-June’ 18) earnings estimates for the Pharmaceuticals sector. The brokerage house expects Biocon to report net profit at Rs. 138.9 crore up 70.8% year-on-year (up 6.5% quarter-on-quarter).

Net Sales are expected to increase by 24.4 percent Y-o-Y (down 0.6 percent Q-o-Q) to Rs. 1,162 crore, according to Kotak.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 32.2 percent Y-o-Y (up 9 percent Q-o-Q) to Rs. 254 crore.

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