HDFC has come out with its first quarter (April-June�� 18) earnings estimates for the Materials sector. The brokerage house expects GAIL to report net profit at Rs. 569 crore up 25.2% year-on-year (up 28.1% quarter-on-quarter).
Net Sales are expected to increase by 36.8 percent Y-o-Y (up 1.1 percent Q-o-Q) to Rs. 15,601 crore, according to HDFC.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 19.4 percent Y-o-Y (up 33.8 percent Q-o-Q) to Rs. 2,269 crore.
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Read More First Published on Jul 19, 2018 06:11 pm
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