NMDC Q2 PAT seen up 20.2% YoY to Rs. 1,068.3 cr: ICICI Securities

ICICI Securities has come out with its second quarter (July-September’ 24) earnings estimates for the Metals sector. The brokerage house expects NMDC to report net profit at Rs. 1,068.3 crore up 20.2% year-on-year (down 35.7% quarter-on-quarter).

Net Sales are expected to increase by 26.7 percent Y-o-Y (down 21.8 percent Q-o-Q) to Rs. 4,216.4 crore, according to ICICI Securities.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 57.9 percent Y-o-Y (down 32.4 percent Q-o-Q) to Rs. 1,348.5 crore.

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