ICICI Securities has come out with its second quarter (July-September) earnings estimates for the Metals sector. The brokerage house expects GMDC to report net profit at Rs. 70.4 crore, down 38.7 percent quarter-on-quarter.
Sales are expected to decrease by 23.5 percent Q-o-Q (up 23.3 percent Y-o-Y) to Rs 305.4 crore, according to ICICI Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 32.5 percent Q-o-Q (up 28.7 percent Y-o-Y) to Rs 93.9 crore.
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