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Last Updated : Jul 10, 2019 05:32 PM IST | Source: Moneycontrol.com

HEG Q1 PAT may dip 66.4% YoY to Rs. 258.9 cr: ICICI Direct

Net Sales are expected to decrease by 30.4 percent Y-o-Y (down 18 percent Q-o-Q) to Rs. 1,104.8 crore, according to ICICI Direct.

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ICICI Direct has come out with its first quarter (April-June’ 19) earnings estimates for the Metals & Mining sector. The brokerage house expects HEG to report net profit at Rs. 258.9 crore down 66.4% year-on-year (down 50.6% quarter-on-quarter).


Net Sales are expected to decrease by 30.4 percent Y-o-Y (down 18 percent Q-o-Q) to Rs. 1,104.8 crore, according to ICICI Direct.


Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 69 percent Y-o-Y (down 53.3 percent Q-o-Q) to Rs. 368 crore.


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First Published on Jul 10, 2019 05:32 pm
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