Edelweiss has come out with its second quarter (July-September) earnings estimates for the Metals and Mining sector. The brokerage house expects Hindustan Zinc to report net profit at Rs. 2341.2 crore up 23.1% year-on-year (24.8% quarter-on-quarter).
Net Sales are expected to increase by 59.4 percent Y-o-Y (up 23.3 percent Q-o-Q) to Rs. 6181 crore, according to Edelweiss.
Earnings before interest, tax, depreciation and amortization (EBITDA) are likely to rise by 44.4 percent Y-o-Y (up 25.8 percent Q-o-Q) to Rs. 2998 crore.
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