ICICI has come out with its first quarter (April-June) earnings estimates for the Metals & Mining sector. The brokerage house expects Hindustan Zinc to report net profit at 2226.6 crore up 114.7% year-on-year (down 27.2% quarter-on-quarter).
Net Sales are expected to decrease by 22.5 percent Q-o-Q (up 91.7 percent Y-o-Y) to Rs 4850.5 crore, according to ICICI.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 28.4 percent Q-o-Q (up 137.4 percent Y-o-Y) to Rs 2684.3 crore.
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