ICICI Securities has come out with its second quarter (July-September) earnings estimates for the media sector. The brokerage house expects Hindustan Media to report net profit at Rs 55.7 crore, up 14.3 percent quarter-on-quarter.
Net Sales are expected to increase by 5.4 percent Q-o-Q (up 11.1 percent Y-o-Y) to Rs 252.1 crore, according to ICICI Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 13.8 percent Q-o-Q (up 24.4 percent Y-o-Y) to Rs 64.7 crore.
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