ICICI Direct has come out with its first quarter (April-June’ 21) earnings estimates for the Metal and Mining sector. The brokerage house expects Hindalco to report net profit at Rs. 703 crore up 737% year-on-year (up 8% quarter-on-quarter).
Net Sales are expected to increase by 71 percent Y-o-Y (down 12 percent Q-o-Q) to Rs. 12,752 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 116 percent Y-o-Y (up 2 percent Q-o-Q) to Rs. 1,930 crore.
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