ICICI Direct has come out with its first quarter (April-June’ 21) earnings estimates for the Consumer Discretionary sector. The brokerage house expects Supreme Industries to report net profit at Rs. 226.3 crore up 458.4% year-on-year (down 49.8% quarter-on-quarter).
Net Sales are expected to increase by 44.9 percent Y-o-Y (down 26.7 percent Q-o-Q) to Rs. 1,527.1 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 146.6 percent Y-o-Y (down 43.3 percent Q-o-Q) to Rs. 288.8 crore.
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