Sumitomo Chemical Q4 PAT seen up 71.6% YoY to Rs. 92.8 cr: ICICI Direct

ICICI Direct has come out with its fourth quarter (January-March’ 22) earnings estimates for the Chemicals sector. The brokerage house expects Sumitomo Chemical to report net profit at Rs. 92.8 crore up 71.6% year-on-year (up 4.4% quarter-on-quarter).

Net Sales are expected to increase by 21.8 percent Y-o-Y (down 8 percent Q-o-Q) to Rs. 650.6 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 60.8 percent Y-o-Y (down 9.4 percent Q-o-Q) to Rs. 114.7 crore.

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