PL Capital has come out with its second quarter (July-September’ 24) earnings estimates for the Media & Entertainment sector. The brokerage house expects Nazara Technologies to report net profit at Rs. 21.4 crore up 17.9% year-on-year (down 5.5% quarter-on-quarter).
Net Sales are expected to increase by 6.6 percent Y-o-Y (up 26.7 percent Q-o-Q) to Rs. 316.9 crore, according to PL Capital.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 12.4 percent Y-o-Y (up 25.8 percent Q-o-Q) to Rs. 31.3 crore.
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