Nirmal Bang has come out with its third quarter (October-December’ 23) earnings estimates for the PHARMACEUTICAL sector. The brokerage house expects Gland Pharma to report net profit at Rs 2,729 crore (up 13.1% quarter-on-quarter).
Net Sales are expected to increase by 0.6 percent Y-o-Y (up 2.4 percent Q-o-Q) to Rs 10,696 crore, according to Nirmal Bang.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 4.1 percent Y-o-Y (up 12.7 percent Q-o-Q) to Rs 3,346 crore.
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