Finolex Industries Q3 PAT may dip 8.8% YoY to Rs. 87 cr: PL Capital

PL Capital has come out with its third quarter (October-December’ 24) earnings estimates for the Building Material sector. The brokerage house expects Finolex Industries to report net profit at Rs. 87 crore down 8.8% year-on-year (up 113.9% quarter-on-quarter).

Net Sales are expected to decrease by 2.8 percent Y-o-Y (up 19.7 percent Q-o-Q) to Rs. 991.6 crore, according to PL Capital.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 16.8 percent Y-o-Y (up 843.2 percent Q-o-Q) to Rs. 99.7 crore.

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