Neogen Chemicals Q1 PAT seen up 68.8% YoY to Rs. 10.3 cr: ICICI Direct

ICICI Direct has come out with its first quarter (April-June’ 21) earnings estimates for the Chemicals sector. The brokerage house expects Neogen Chemicals to report net profit at Rs. 10.3 crore up 68.8% year-on-year (up 10.6% quarter-on-quarter).

Net Sales are expected to increase by 34.5 percent Y-o-Y (up 11.1 percent Q-o-Q) to Rs. 103 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 57.6 percent Y-o-Y (up 15.4 percent Q-o-Q) to Rs. 21.4 crore.

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