ICICI Direct has come out with its second quarter (July-September’ 21) earnings estimates for the Logistics sector. The brokerage house expects Container Corp to report net profit at Rs 257.3 crore up 37.2% year-on-year (up 1% quarter-on-quarter).
Net Sales are expected to increase by 24.9 percent Y-o-Y (up 3.8 percent Q-o-Q) to Rs 1,876.5 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 34.9 percent Y-o-Y (down 2.6 percent Q-o-Q) to Rs 422.2 crore.
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