ICICI Direct has come out with its fourth quarter (January-March’ 22) earnings estimates for the Metal & Mining sector. The brokerage house expects Coal India to report net profit at Rs. 6,020 crore up 31% year-on-year (up 32% quarter-on-quarter).
Net Sales are expected to increase by 16 percent Y-o-Y (up 9 percent Q-o-Q) to Rs. 31,080 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 34 percent Y-o-Y (up 25 percent Q-o-Q) to Rs. 8,555 crore.
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