PI Industries Q3 PAT seen up 45.9% YoY to Rs. 175.7 cr: ICICI Direct

ICICI Direct has come out with its third quarter (October-December’ 20) earnings estimates for the Chemicals sector. The brokerage house expects PI Industries to report net profit at Rs. 175.7  crore up 45.9% year-on-year (down 19.3% quarter-on-quarter).

Net Sales are expected to increase by 31 percent Y-o-Y (down 3.8 percent Q-o-Q) to Rs. 1,113.2 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 39.6 percent Y-o-Y (down 7.5 percent Q-o-Q) to Rs. 259.2 crore.

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