ICICI Securities has come out with its first quarter (April-June) earnings estimates for the avaition sector. The brokerage house expects Jet Airways to report a 64.9 percent degrowth quarter-on-quarter (degrowth of 37.1 percent year-on-year) in net profit at Rs 139.5 crore.Sales are expected to decrease by 1.2 percent Q-o-Q (down 0.7 percent Y-o-Y) to Rs 5184.3 crore, according to ICICI Securities.Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 48.1 percent Q-o-Q (up 20.8 percent Y-o-Y) to Rs 423.8 crore.Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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