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SAIL Q3 PAT seen up 66% YoY to Rs. 2,125 cr: ICICI Direct

Net Sales are expected to increase by 28 percent Y-o-Y (down 6 percent Q-o-Q) to Rs. 25,337 crore, according to ICICI Direct.

January 19, 2022 / 04:11 PM IST
 (Image: PTI)

(Image: PTI)

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ICICI Direct has come out with its third quarter (October-December’ 21) earnings estimates for the Metals & Mining sector. The brokerage house expects SAIL to report net profit at Rs.2,125 crore up 66% year-on-year (down 51% quarter-on-quarter).

Net Sales are expected to increase by 28 percent Y-o-Y (down 6 percent Q-o-Q) to Rs. 25,337 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 17 percent Y-o-Y (down 40 percent Q-o-Q) to Rs. 4,190 crore.

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