Prabhudas Lilladher has come out with its third quarter (October-December’ 23) earnings estimates for the Travel & Tourism sector. The brokerage house expects Safari Industries (India) to report net profit at Rs. 41.3 crore up 19.9% year-on-year (up 4% quarter-on-quarter).
Net Sales are expected to increase by 25 percent Y-o-Y (up 2.4 percent Q-o-Q) to Rs. 378.8 crore, according to Prabhudas Lilladher.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 21.2 percent Y-o-Y (up 5.1 percent Q-o-Q) to Rs. 66.7 crore.
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