Nirmal Bang has come out with its first quarter (April-June' 24) earnings estimates for the Consumer Durables sector. The brokerage house expects Voltas to report net profit at Rs. 1,428 crore up 31.2% year-on-year (down 0.8% quarter-on-quarter).
Net Sales are expected to increase by 8.3 percent Y-o-Y (up 1.4 percent Q-o-Q) to Rs. 2,996.9 crore, according to Nirmal Bang.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 27.5 percent Y-o-Y (up 3.4 percent Q-o-Q) to Rs. 225.6 crore.
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