Prabhudas Lilladher has come out with its fourth quarter (January-March’ 24) earnings estimates for the Travel & Tourism sector. The brokerage house expects VIP Industries to report net profit at Rs. 11.3 crore down 73.6% year-on-year (up 58.7% quarter-on-quarter).
Net Sales are expected to increase by 16.3 percent Y-o-Y (down 4.1 percent Q-o-Q) to Rs. 523.8 crore, according to Prabhudas Lilladher.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 28 percent Y-o-Y (down 11.4 percent Q-o-Q) to Rs. 46.3 crore.
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