Hindalco Q2 PAT seen up 21% YoY to Rs. 2,668.1 cr: ICICI Securities

ICICI Securities has come out with its second quarter (July-September’ 24) earnings estimates for the Metals sector. The brokerage house expects Hindalco to report net profit at Rs. 2,668.1 crore up 21% year-on-year (up 8.7% quarter-on-quarter).

Net Sales are expected to decrease by 4.7 percent Y-o-Y (up 1.1 percent Q-o-Q) to Rs. 53,558.6 crore, according to ICICI Securities.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 12 percent Y-o-Y (up 5.1 percent Q-o-Q) to Rs. 6,007.5 crore.

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