Hindustan Zinc Q1 PAT may dip 13.6% YoY to Rs. 1,657.3 cr: 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 Hindustan Zinc to report net profit at Rs. 1,657.3 crore down 13.6% year-on-year (down 17.6% quarter-on-quarter).

Net Sales are expected to decrease by 11.2 percent Y-o-Y (down 14.1 percent Q-o-Q) to Rs. 4,714.8 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 17.5 percent Y-o-Y (down 19.8 percent Q-o-Q) to Rs. 2,237.7 crore.

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