ICICI Direct has come out with its third quarter (October-December’ 21) earnings estimates for the Retail sector. The brokerage house expects Page Industries to report net profit at Rs. 166.3 crore up 8% year-on-year (up 3.6% quarter-on-quarter).
Net Sales are expected to increase by 20.4 percent Y-o-Y (up 2.9 percent Q-o-Q) to Rs. 1,115.8 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 6.6 percent Y-o-Y (up 3.2 percent Q-o-Q) to Rs. 241 crore.
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