ICICI Securities has come out with its third quarter (October-December) earnings estimates for the Capital goods sector. The brokerage house expects Voltas to report net profit at 53.4 crore down 25.9% quarter-on-quarter.
Net Sales are expected to increase by 24.4 percent Q-o-Q (down 6.6 percent Y-o-Y) to Rs 1221 crore, according to ICICI Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 21.8 percent Q-o-Q (down 8 percent Y-o-Y) to Rs 53.7 crore.
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