Time Technoplast Q1 PAT seen up 15.3% YoY to Rs. 49.8 cr: ICICI Direct

ICICI Direct has come out with its first quarter (April-June’ 19) earnings estimates for the Consumer Discretionary sector. The brokerage house expects Time Technoplast to report net profit at Rs. 49.8 crore up 15.3% year-on-year (down 32.4% quarter-on-quarter).

Net Sales are expected to increase by 13.3 percent Y-o-Y (down 18.2 percent Q-o-Q) to Rs. 885.1 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 8.5 percent Y-o-Y (down 23 percent Q-o-Q) to Rs. 130.6 crore.

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