Yes Securities has come out with its second quarter (July-September’ 22) earnings estimates for the Consumer Durables sector. The brokerage house expects IFB Industries to report net profit at Rs. 35.3 crore up 43.4% year-on-year (up 1,755.7% quarter-on-quarter).
Net Sales are expected to increase by 7.6 percent Y-o-Y (down 0.2 percent Q-o-Q) to Rs. 1,065.4 crore, according to Yes Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 75 percent Y-o-Y (up 460 percent Q-o-Q) to Rs. 83.6 crore.
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