Tata Chemicals Q2 PAT seen up 336.8% YoY to Rs 307.8 cr: ICICI Direct

ICICI Direct has come out with its second quarter (July-September’ 21) earnings estimates for the Chemicals sector. The brokerage house expects Tata Chemicals to report net profit at Rs 307.8 crore up 336.8% year-on-year (up 6.9% quarter-on-quarter).

Net Sales are expected to increase by 20.2 percent Y-o-Y (up 5.4 percent Q-o-Q) to Rs 3,137.2 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 70 percent Y-o-Y (up 9.2 percent Q-o-Q) to Rs 656.7 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.