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SAIL Q2 PAT seen up 2,637% YoY to Rs 4,677 cr: ICICI Direct

Net Sales are expected to increase by 57 percent Y-o-Y (up 29 percent Q-o-Q) to Rs 26,563 crore, according to ICICI Direct.

October 18, 2021 / 03:01 PM IST
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ICICI Direct has come out with its second quarter (July-September’ 21) earnings estimates for the Metal & Mining sector. The brokerage house expects SAIL to report net profit at Rs 4,677 crore up 2,637% year-on-year (up 21% quarter-on-quarter).

Net Sales are expected to increase by 57 percent Y-o-Y (up 29 percent Q-o-Q) to Rs 26,563 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 303 percent Y-o-Y (up 17 percent Q-o-Q) to Rs 7,650 crore.

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