Moneycontrol
Last Updated : Jan 11, 2019 05:35 PM IST | Source: Moneycontrol.com

Glenmark Q3 PAT seen up 121.5% YoY to Rs. 232 cr: ICICI Direct

Net Sales are expected to increase by 14.4 percent Y-o-Y (down 2.3 percent Q-o-Q) to Rs. 2,521 crore, according to ICICI Direct.

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ICICI Direct has come out with its third quarter (October-December’ 18) earnings estimates for the Healthcare sector. The brokerage house expects Glenmark to report net profit at Rs. 232 crore up 121.5% year-on-year (down 6% quarter-on-quarter).


Net Sales are expected to increase by 14.4 percent Y-o-Y (down 2.3 percent Q-o-Q) to Rs. 2,521 crore, according to ICICI Direct.


Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 35.8 percent Y-o-Y (down 0.5 percent Q-o-Q) to Rs. 438.1 crore.


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First Published on Jan 11, 2019 05:35 pm
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