Gujarat Pipavav Q1 PAT may dip 9.2% YoY to Rs. 50.6 cr: ICICI Direct

ICICI Direct has come out with its first quarter (April-June’ 18) earnings estimates for the Logistics sector. The brokerage house expects Gujarat Pipavav to report net profit at Rs. 50.6 crore down 9.2% year-on-year (up 4.1% quarter-on-quarter).

Net Sales are expected to decrease by 0.5 percent Y-o-Y (up 1.7 percent Q-o-Q) to Rs. 168.3 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 7.5 percent Y-o-Y (up 3.1 percent Q-o-Q) to Rs. 95.9 crore.

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