Hindustan Zinc Q1 PAT seen up 4.1% YoY to Rs. 1,953.3 cr: ICICI Direct

ICICI Direct has come out with its first quarter (April-June’ 18) earnings estimates for the Metals & Mining sector. The brokerage house expects Hindustan Zinc to report net profit at Rs. 1,953.3 crore up 4.1% year-on-year (down 22% quarter-on-quarter).

Net Sales are expected to increase by 13.2 percent Y-o-Y (down 17.5 percent Q-o-Q) to Rs. 5,178.3 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 17 percent Y-o-Y (down 22.9 percent Q-o-Q) to Rs. 2,790 crore.

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