Biocon Q2 PAT seen up 105.9% YoY to Rs. 141.6 cr: ICICI Direct

ICICI Direct has come out with its second quarter (July-September’ 18) earnings estimates for the Healthcare sector. The brokerage house expects Biocon to report net profit at Rs. 141.6 crore up 105.9% year-on-year (up 18.2% quarter-on-quarter).

Net Sales are expected to increase by 28.6 percent Y-o-Y (up 10.8 percent Q-o-Q) to Rs. 1,245.4 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 51.2 percent Y-o-Y (up 15.8 percent Q-o-Q) to Rs. 275.5 crore.

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