PI Industries Q3 PAT seen up 0.8% YoY to Rs. 196.9 cr: ICICI Direct

ICICI Direct has come out with its third quarter (October-December’ 21) earnings estimates for the Chemicals sector. The brokerage house expects PI Industries to report net profit at Rs. 196.9 crore up 0.8% year-on-year (down 14.2% quarter-on-quarter).

Net Sales are expected to increase by 10.9 percent Y-o-Y (down 4.8 percent Q-o-Q) to Rs. 1,289 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 4.5 percent Y-o-Y (down 5 percent Q-o-Q) to Rs. 2,471.2 crore.

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