ICICI Direct has come out with its third quarter (October-December’ 21) earnings estimates for the Metals & Mining sector. The brokerage house expects NMDC to report net profit at Rs.1,880 crore down 11% year-on-year (down 20% quarter-on-quarter).
Net Sales are expected to increase by 44 percent Y-o-Y (down 8 percent Q-o-Q) to Rs. 6,282 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 10 percent Y-o-Y (down 20 percent Q-o-Q) to Rs. 2,480 crore.
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