Edelweiss has come out with its first quarter (April-June) earnings estimates for the pharmaceuticals sector. The brokerage house expects Sun Pharma to report a 16 percent growth quarter-on-quarter (growth of 315.1 percent year-on-year) in net profit at Rs 1988.3 crore.
Net Sales are expected to increase by 9.3 percent Q-o-Q (up 19.9 percent Y-o-Y) to Rs 8106.7 crore, according to Edelweiss.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 5.8 percent Q-o-Q (up 44.2 percent Y-o-Y) to Rs 2666.9 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.
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