ICICI Direct has come out with its second quarter (July-September’ 18) earnings estimates for the Healthcare sector. The brokerage house expects Cadila Healthcare to report net profit at Rs. 375.4 crore down 25.4% year-on-year (down 18.6% quarter-on-quarter).
Net Sales are expected to decrease by 7.6 percent Y-o-Y (up 3.2 percent Q-o-Q) to Rs. 2,986.6 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 28.7 percent Y-o-Y (down 5.2 percent Q-o-Q) to Rs. 611.3 crore.
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