Vedanta Q3 PAT may dip 47.9% YoY to Rs. 1,133.2 cr: ICICI Direct

ICICI Direct has come out with its third quarter (October-December’ 18) earnings estimates for the Metals & Mining sector. The brokerage house expects Vedanta to report net profit at Rs. 1,133.2 crore down 47.9% year-on-year (down 15.6% quarter-on-quarter).

Net Sales are expected to decrease by 14.1 percent Y-o-Y (down 7.9 percent Q-o-Q) to Rs. 20,917.7 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 14.4 percent Y-o-Y (up 11.2 percent Q-o-Q) to Rs. 5,789.1 crore.

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