Sumitomo Chemical Q3 PAT seen up 2,570.8% YoY to Rs. 58.7 cr: ICICI Direct

ICICI Direct has come out with its third quarter (October-December’ 20) earnings estimates for the Chemicals sector. The brokerage house expects Sumitomo Chemical to report net profit at Rs. 58.7 crore up 2,570.8% year-on-year (down 62.8 quarter-on-quarter).

Net Sales are expected to increase by 21.1 percent Y-o-Y (down 29.8 percent Q-o-Q) to Rs. 633.4 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 153.7 percent Y-o-Y (down 47 percent Q-o-Q) to Rs. 116 crore.

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