Tata Chemical Q3 PAT may dip 40.2% YoY to Rs. 99.9 cr: ICICI Direct

Tata Chemicals | In the last 3-month, the stock has gained 58 percent to Rs 486.90 as of January 5 from Rs 307.85 as of October 05, 2020. The company's current twelve month trailing (TTM) P/E is 24.25x while industry P/E is 37.34x.

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ICICI Direct has come out with its third quarter (October-December’ 20) earnings estimates for the Chemicals sector. The brokerage house expects Tata Chemical to report net profit at Rs. 99.9 crore down 40.2% year-on-year (up 41.8% quarter-on-quarter).

Net Sales are expected to decrease by 0.2 percent Y-o-Y (up 0.3 percent Q-o-Q) to Rs. 2,618.2 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 14 percent Y-o-Y (up 5.4 percent Q-o-Q) to Rs. 407 crore.

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