ICICI Securities has come out with its second quarter (July-September) earnings estimates for the media sector. The brokerage house expects HT Media to report net profit at Rs 37 crore, up 64.7 percent quarter-on-quarter.Net sales are expected to increase by 4.4 percent Q-o-Q (up 6.7 percent Y-o-Y) to Rs 641.6 crore, according to ICICI Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 13.3 percent Q-o-Q (up 16.3 percent Y-o-Y) to Rs 72.8 crore.
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