Deepak Nitrite Q3 PAT may dip 12.8% YoY to Rs. 182.3 cr: Prabhudas Lilladher

Prabhudas Lilladher has come out with its third quarter (October-December’ 23) earnings estimates for the Chemicals sector. The brokerage house expects Deepak Nitrite to report net profit at Rs. 182.3 crore down 12.7% year-on-year (down 2.2% quarter-on-quarter).

Net Sales are expected to decrease by 12.7 percent Y-o-Y (down 2.2 percent Q-o-Q) to Rs. 1,738.4 crore, according to Prabhudas Lilladher.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 9.5 percent Y-o-Y (down 5.8 percent Q-o-Q) to Rs. 284.6 crore.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.