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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ICICI Direct - Consolidated Estimates Report
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