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    HomeNewsBusinessEarningsSMEL Q2 PAT seen up 53.3% YoY to Rs. 170 cr: ICICI Securities

    SMEL Q2 PAT seen up 53.3% YoY to Rs. 170 cr: ICICI Securities

    Net Sales are expected to decrease by 5.8 percent Y-o-Y (down 12.2 percent Q-o-Q) to Rs. 2,905 crore, according to ICICI Securities.

    Broker Research
    October 16, 2023 / 12:32 IST
    Shyam Metalics
       
       
      26 Aug, 2025 12:21
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      ICICI Securities has come out with its second quarter (July-September’ 24) earnings estimates for the Metals sector. The brokerage house expects SMEL to report net profit at Rs. 170 crore up 53.3% year-on-year (down 27.7% quarter-on-quarter).

      Net Sales are expected to decrease by 5.8 percent Y-o-Y (down 12.2 percent Q-o-Q) to Rs. 2,905 crore, according to ICICI Securities.

      Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 32.4 percent Y-o-Y (down 20.4 percent Q-o-Q) to Rs. 322.5 crore.

      Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

      ICICI_Metals

      Broker Research
      first published: Oct 16, 2023 12:32 pm

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