Prabhudas Lilladher has come out with its third quarter (October-December’ 23) earnings estimates for the Chemicals sector. The brokerage house expects Fine Organics Industries to report net profit at Rs. 45 crore down 65.7% year-on-year (down 43.3% quarter-on-quarter).
Net Sales are expected to decrease by 44.6 percent Y-o-Y (down 12 percent Q-o-Q) to Rs. 415.2 crore, according to Prabhudas Lilladher.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 50.7 percent Y-o-Y (down 17.6 percent Q-o-Q) to Rs. 86 crore.
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