Kotak has come out with its first quarter (April-June’ 19) earnings estimates for the Electric Utilities sector. The brokerage house expects Tata Power to report net profit at Rs. 218.9 crore down 7.8% year-on-year (up 76.4% quarter-on-quarter).
Net Sales are expected to increase by 6.1 percent Y-o-Y (down 7.7 percent Q-o-Q) to Rs. 1,955.9 crore, according to Kotak.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 18.2 percent Y-o-Y (up 13.3 percent Q-o-Q) to Rs. 676.1 crore.
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