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Last Updated : Oct 10, 2019 04:39 PM IST | Source: Moneycontrol.com

NMDC Q2 PAT seen up 19.1% YoY to Rs. 758 cr: ICICI Direct

Net Sales are expected to decrease by 12.4 percent Y-o-Y (down 34.6 percent Q-o-Q) to Rs. 2,135 crore, according to ICICI Direct.

 
 
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ICICI Direct has come out with its second quarter (July-September’ 19) earnings estimates for the Metals & Mining sector. The brokerage house expects NMDC to report net profit at Rs. 758 crore up 19.1% year-on-year (down 35.7% quarter-on-quarter).


Net Sales are expected to decrease by 12.4 percent Y-o-Y (down 34.6 percent Q-o-Q) to Rs. 2,135 crore, according to ICICI Direct.


Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 13.8 percent Y-o-Y (down 41.8 percent Q-o-Q) to Rs. 1,086 crore.


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First Published on Oct 10, 2019 04:39 pm
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