ICICI Direct has come out with its fourth quarter (Jan-March 18) earnings estimates for the Metals & Mining sector. The brokerage house expects Hindustan Zinc to report net profit at Rs. 2,142.2 crore down 29.9% year-on-year (down 3.9% quarter-on-quarter).
Net Sales are expected to decrease by 1.7 percent Y-o-Y (up 3.9 percent Q-o-Q) to Rs. 6,151.4 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 10.8 percent Y-o-Y (up 3 percent Q-o-Q) to Rs. 3,342.3 crore.
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