ICICI Direct has come out with its fourth quarter (January-March’ 22) earnings estimates for the Retail sector. The brokerage house expects TTK Prestige to report net profit at Rs. 76.5 crore down 7.1% year-on-year (down 13.8% quarter-on-quarter).
Net Sales are expected to increase by 10.9 percent Y-o-Y (down 14.5 percent Q-o-Q) to Rs. 615.1 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 6.8 percent Y-o-Y (down 12.9 percent Q-o-Q) to Rs. 109.5 crore.
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