HDFC Securities has come out with its fourth quarter (January-March) earnings estimates for the Metal & Mining sector. The brokerage house expects GMDC to report net profit at 70 crore up 58.1% quarter-on-quarter.
Net Sales are expected to increase by 43.4 percent Q-o-Q (up 39.9 percent Y-o-Y) to Rs 530 crore, according to HDFC Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 55.1 percent Q-o-Q (up 16.1 percent Y-o-Y) to Rs 100 crore.
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HDFC securities_Cements Metals Mining 4QFY17 Results Preview_Apr 13 2017
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