ICICI Direct has come out with its third quarter (October-December’ 18) earnings estimates for the Metals & Mining sector. The brokerage house expects Tata Steel to report net profit at Rs. 2,410.5 crore up 112.2% year-on-year (down 22.6% quarter-on-quarter).
Net Sales are expected to increase by 24.8 percent Y-o-Y (down 4.2 percent Q-o-Q) to Rs. 41,731.7 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 27.3 percent Y-o-Y (down 18.7 percent Q-o-Q) to Rs. 7,253.2 crore.