ICICI Direct has come out with its second quarter (July-September’ 18) earnings estimates for the Metals & Mining sector. The brokerage house expects Graphite India to report net profit at Rs. 771 crore up 757.6% year-on-year (down 10.1% quarter-on-quarter).
Net Sales are expected to increase by 289.3 percent Y-o-Y (up 1.2 percent Q-o-Q) to Rs. 1,798.1 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 764 percent Y-o-Y (down 13.7 percent Q-o-Q) to Rs. 1,122.4 crore.
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