Galaxy Surfactants Q4 PAT may dip 6.6% YoY to Rs. 45 cr: HDFC Securities

HDFC Securities has come out with its second quarter (January-March’ 20) earnings estimates for the Chemical sector. The brokerage house expects Galaxy Surfactants to report net profit at Rs. 45 crore down 6.6% year-on-year (down 21.5% quarter-on-quarter).

Net Sales are expected to decrease by 5.7 percent Y-o-Y (down 13.5 percent Q-o-Q) to Rs. 590 crore, according to HDFC Securities.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 4.5 percent Y-o-Y (down 17.7 percent Q-o-Q) to Rs. 78 crore.

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