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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