Sharekhan has come out with its fourth quarter (January-March’ 21) earnings estimates for the Pharmaceuticals sector. The brokerage house expects Shilpa Medicare to report net profit at Rs. 9.6 crore down 72.3% year-on-year (up 24.7% quarter-on-quarter).
Net Sales are expected to decrease by 15 percent Y-o-Y (down 2.2 percent Q-o-Q) to Rs. 187 crore, according to Sharekhan.
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