Nirmal Bang has come out with its first quarter (April-June' 24) earnings estimates for the Consumer Electricals sector. The brokerage house expects Polycab India to report net profit at Rs. 251.7 crore up 14.5% year-on-year (down 40.7% quarter-on-quarter).
Net Sales are expected to increase by 12.9 percent Y-o-Y (down 28.6 percent Q-o-Q) to Rs. 3,088.7 crore, according to Nirmal Bang.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 22.5 percent Y-o-Y (down 37.5 percent Q-o-Q) to Rs. 381.2 crore.
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