Vardhman Tex Q3 PAT seen up 33.5% YoY to Rs. 180.9 cr: ICICI Direct

ICICI Direct has come out with its third quarter (October-December’ 18) earnings estimates for the Apparel sector. The brokerage house expects Vardhman Tex to report net profit at Rs. 180.9 crore up 33.5% year-on-year (down 7.9% quarter-on-quarter).

Net Sales are expected to increase by 3.1 percent Y-o-Y (up 0.8 percent Q-o-Q) to Rs. 1,698.6 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 37.5 percent Y-o-Y (down 6.3 percent Q-o-Q) to Rs. 310.1 crore.

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