HEG Q3 PAT seen up 99.3% YoY to Rs. 681.7 cr: ICICI Direct

ICICI Direct has come out with its third quarter (October-December’ 18) earnings estimates for the Metals & Mining sector. The brokerage house expects HEG to report net profit at Rs. 681.7 crore up 99.3% year-on-year (down 23.3% quarter-on-quarter).

Net Sales are expected to increase by 93.5 percent Y-o-Y (down 9.1 percent Q-o-Q) to Rs. 1,630.8 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 83.2 percent Y-o-Y (down 25.4 percent Q-o-Q) to Rs. 1,021.5 crore.

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