Hindalco Q2 PAT seen up 317% YoY to Rs 1,365 cr: ICICI Direct

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#Brokerage Recos - Sector Report, #Brokerage Results Estimates, #earnings, Hindalco, #ICICI Direct, #Metal & Mining, #Result Poll

ICICI Direct has come out with its second quarter (July-September’ 21) earnings estimates for the Metal & Mining sector. The brokerage house expects Hindalco to report net profit at Rs 1,365 crore up 317% year-on-year (up 32% quarter-on-quarter).

Net Sales are expected to increase by 65 percent Y-o-Y (up 18 percent Q-o-Q) to Rs 15,752 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 128 percent Y-o-Y (up 11 percent Q-o-Q) to Rs 2,901 crore.

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