Prabhudas Lilladher has come out with its first quarter (April-June’ 22) earnings estimates for the Metal & Mining sector. The brokerage house expects NMDC to report net profit at Rs. 1,938.6 crore down 39.3% year-on-year (down 12.5% quarter-on-quarter).
Net Sales are expected to increase by 30.9 percent Y-o-Y (down 32.9 percent Q-o-Q) to Rs. 4,497.2 crore, according to Prabhudas Lilladher.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 54.1 percent Y-o-Y (down 28.6 percent Q-o-Q) to Rs. 1,915.6 crore.
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