Indoco Remedies Q1 PAT may dip 24.24% YoY to Rs 15 cr: KR Choksey

KR Choksey has come out with its first quarter (April-June) earnings estimates for the Pharma sector. The brokerage house expects Indoco Remedies to report net profit at 15 crore down 24.24% year-on-year (16.67% quarter-on-quarter).

Net Sales are expected to increase by 0.41 percent Q-o-Q (up 5.54 percent Y-o-Y) to Rs 266.7 crore, according to KR Choksey.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 2.76 percent Q-o-Q (down 24.16 percent Y-o-Y) to Rs 31.7 crore.

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