Prince Pipes Q2 PAT may dip 89.2% YoY to Rs. 8.2 cr: Yes Securities

Yes Securities has come out with its second quarter (July-September’ 22) earnings estimates for the Building Materials sector. The brokerage house expects Prince Pipes to report net profit at Rs. 8.2 crore down 89.2% year-on-year (down 49% quarter-on-quarter).

Net Sales are expected to decrease by 14.4 percent Y-o-Y (up 7.8 percent Q-o-Q) to Rs. 651.2 crore, according to Yes Securities.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 1112 percent Y-o-Y (down 227 percent Q-o-Q) to Rs. 32.6 crore.

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