Sumitomo Chemical Q3 PAT seen up 44.1% YoY to Rs. 78.1 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 Sumitomo Chemical to report net profit at Rs. 78.1 crore up 44.1% year-on-year (down 49.4% quarter-on-quarter).

Net Sales are expected to increase by 14.8 percent Y-o-Y (down 29.3 percent Q-o-Q) to Rs. 644.1 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 39.2 percent Y-o-Y (down 49.4 percent Q-o-Q) to Rs. 108.6 crore.

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