Nirmal Bang has come out with its third quarter (October-December’ 23) earnings estimates for the CONSUMER ELECTRICALS sector. The brokerage house expects Havells India to report net profit at Rs 227.1 crore down 25.5% year-on-year (up 22.1% quarter-on-quarter).
Net Sales are expected to increase by 10.5 percent Y-o-Y (up 10 percent Q-o-Q) to Rs 4,035.7 crore, according to Nirmal Bang.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 22.1 percent Y-o-Y (up 19.5 percent Q-o-Q) to Rs 343 crore.
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