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Last Updated : Jul 17, 2019 12:21 PM IST | Source: Moneycontrol.com

NMDC Q1 PAT seen up 34.8% YoY to Rs. 1,314.5 cr: Kotak

Net Sales are expected to increase by 39.3 percent Y-o-Y (down 7.4 percent Q-o-Q) to Rs. 3,374.8 crore, according to Kotak.

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Kotak has come out with its first quarter (April-June’ 19) earnings estimates for the Metals & Mining sector. The brokerage house expects NMDC to report net profit at Rs. 1,314.5 crore up 34.8% year-on-year (down 3.8% quarter-on-quarter).


Net Sales are expected to increase by 39.3 percent Y-o-Y (down 7.4 percent Q-o-Q) to Rs. 3,374.8 crore, according to Kotak.


Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 30.7 percent Y-o-Y (down 5 percent Q-o-Q) to Rs. 1,860.7 crore.


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First Published on Jul 17, 2019 12:21 pm
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