HDFC has come out with its first quarter (April-June�� 18) earnings estimates for the Materials sector. The brokerage house expects Mahanagar Gas to report net profit at Rs. 112 crore down 9.9% year-on-year (up 7% quarter-on-quarter).
Net Sales are expected to increase by 11.9 percent Y-o-Y (up 1.2 percent Q-o-Q) to Rs. 594 crore, according to HDFC.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 7.9 percent Y-o-Y (up 6.2 percent Q-o-Q) to Rs. 187 crore.
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Read More First Published on Jul 19, 2018 06:19 pm
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