ICICI Direct has come out with its second quarter (July-September’ 18) earnings estimates for the Metals & Mining sector. The brokerage house expects Coal India to report net profit at Rs. 3,470.9 crore up 840.9% year-on-year (down 8.3% quarter-on-quarter).
Net Sales are expected to increase by 17.1 percent Y-o-Y (down 12.4 percent Q-o-Q) to Rs. 21,247.1 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 290.3 percent Y-o-Y (down 16.2 percent Q-o-Q) to Rs. 4,804.9 crore. Read More