Tata Chemical Q1 PAT seen up 911.3% YoY to Rs. 134.3 cr: ICICI Direct

ICICI Direct has come out with its first quarter (April-June’ 21) earnings estimates for the Chemicals sector. The brokerage house expects Tata Chemical to report net profit at Rs. 134.3 crore up 911.3% year-on-year (up 1,041% quarter-on-quarter).

Net Sales are expected to increase by 22.2 percent Y-o-Y (up 8.8 percent Q-o-Q) to Rs. 2,868.3 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 38.8 percent Y-o-Y (up 76.6 percent Q-o-Q) to Rs. 499.2 crore.

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