ICICI Direct has come out with its fourth quarter (January-March’ 19) earnings estimates for the Metals & Mining sector. The brokerage house expects Hindalco to report net profit at Rs. 593.8 crore down 3.6% year-on-year (down 16.7% quarter-on-quarter).
Net Sales are expected to decrease by 3.9 percent Y-o-Y (down 6 percent Q-o-Q) to Rs. 11,225.6 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 4.4 percent Y-o-Y (down 3 percent Q-o-Q) to Rs. 1,664.7 crore.
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