Nazara Q2 PAT may dip 17% YoY to Rs. 14.4 cr: ICICI Securities

ICICI Securities has come out with its second quarter (July-September’ 24) earnings estimates for the online services sector. The brokerage house expects Nazara to report net profit at Rs. 14.4 crore down 17% year-on-year (down 31% quarter-on-quarter).

Net Sales are expected to increase by 16 percent Y-o-Y (up 20 percent Q-o-Q) to Rs. 305.5 crore, according to ICICI Securities.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 57 percent Y-o-Y (up 1 percent Q-o-Q) to Rs. 33.4 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.