Glenmark Q2 PAT seen up 1.7% YoY to Rs. 217.8 cr: ICICI Direct

ICICI Direct has come out with its second quarter (July-September’ 18) earnings estimates for the Healthcare sector. The brokerage house expects Glenmark to report net profit at Rs. 217.8 crore up 1.7% year-on-year (down 6.5% quarter-on-quarter).

Net Sales are expected to increase by 12.6 percent Y-o-Y (up 17.3 percent Q-o-Q) to Rs. 2,540 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 11.2 percent Y-o-Y (up 24.5 percent Q-o-Q) to Rs. 431.8 crore.

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