Vedanta Q1 PAT may dip 19.8% YoY to Rs. 1,229 cr: ICICI Direct

ICICI Direct has come out with its first quarter (April-June’ 19) earnings estimates for the Metals & Mining sector. The brokerage house expects Vedanta to report net profit at Rs. 1,229 crore down 19.8% year-on-year (down 53% quarter-on-quarter).

Net Sales are expected to decrease by 0.3 percent Y-o-Y (down 5.7 percent Q-o-Q) to Rs. 22,135 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 15 percent Y-o-Y (down 12.9 percent Q-o-Q) to Rs. 5,341 crore.

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