ICICI Direct has come out with its first quarter (April-July’ 20) earnings estimates for the Logistics sector. The brokerage house expects Container Corporation to report net profit at Rs. 126.5 crore down 44.5% year-on-year (down 57% quarter-on-quarter).
Net Sales are expected to decrease by 68.5 percent Y-o-Y (down 64.9 percent Q-o-Q) to Rs. 1,168.4 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 39.2 percent Y-o-Y (down 48.3 percent Q-o-Q) to Rs. 245.4 crore.
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