NALCO Q1 PAT may fall 19% at Rs 180 cr: Nirmal Bang

Nirmal Bang has come out with its first quarter (April-June) earnings estimates for the metal sector. The brokerage house expects NALCO to report a 26.7 percent degrowth quarter-on-quarter (fall of 19.1 percent year-on-year) in net profit at Rs 180.4 crore.

Revenues are expected to decrease by 17.7 percent Q-o-Q (down 12.1 percent Y-o-Y) to Rs 1,535.9 crore, according to Nirmal Bang. Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 34.7 percent Q-o-Q (down 9.5 percent Y-o-Y) to Rs 275.4 crore. EBITDA margin or operating profit margin is likely to be at 17.9 percent in June quarter as against 22.6 percent in March quarter and 17.4 percent in a year ago period.