HDFC Securities has come out with its fourth quarter (January-March) earnings estimates for the Chemicals & Fertilisers sector. The brokerage house expects Vinati Organics to report net profit at 40 crore up 35.2% quarter-on-quarter.
Net Sales are expected to increase by 13.6 percent Q-o-Q (up 21 percent Y-o-Y) to Rs 190 crore, according to HDFC Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 18.6 percent Q-o-Q (up 24 percent Y-o-Y) to Rs 60 crore.
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HDFC securities_Chemicals Fertilisers 4QFY17 Results Preview_Apr 13 2017
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