Prabhudas Lilladher has come out with its second quarter (July-September’ 22) earnings estimates for the Travel and Tourism sector. The brokerage house expects VIP Industries to report net profit at Rs. 50.7 crore up 173.5% year-on-year (down 6.3% quarter-on-quarter).
Net Sales are expected to increase by 50 percent Y-o-Y (down 16.2 percent Q-o-Q) to Rs. 495.1 crore, according to Prabhudas Lilladher.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 98.9 percent Y-o-Y (down 18.9 percent Q-o-Q) to Rs. 83.2 crore.
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