ICICI Direct has come out with its first quarter (April-June’ 19) earnings estimates for the Metals & Mining sector. The brokerage house expects Graphite India to report net profit at Rs. 310.7 crore down 63.8% year-on-year (down 44.7% quarter-on-quarter).
Net Sales are expected to decrease by 27.6 percent Y-o-Y (down 24 percent Q-o-Q) to Rs. 1,286 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 66.2 percent Y-o-Y (down 49.2 percent Q-o-Q) to Rs. 439 crore.
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ICICI Direct - Consolidated Earnings Estimates
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