Finolex Industries Q2 PAT may dip 73.4% YoY to Rs. 62.1 cr: Yes Securities

Finolex Industries Q4 | Profit at Rs 58.66 cr versus Rs 97.39 cr, revenue at Rs 766.11 cr versus Rs 964.24 cr YoY. (Image: finolexpipes.com)

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Yes Securities has come out with its second quarter (July-September’ 22) earnings estimates for the Building Materials sector. The brokerage house expects Finolex Industries to report net profit at Rs. 62.1 crore down 73.4% year-on-year (down 37.4% quarter-on-quarter).

Net Sales are expected to decrease by 10.9 percent Y-o-Y (down 18.9 percent Q-o-Q) to Rs. 964.4 crore, according to Yes Securities.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 1,834 percent Y-o-Y (down 108 percent Q-o-Q) to Rs. 91.6 crore.

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