Rallis India Q3 PAT may dip 0.9% YoY to Rs. 37.7 cr: ICICI Direct

Date:01-18-2021

ICICI Direct has come out with its third quarter (October-December’20) earnings estimates for the Chemicals sector. The brokerage house expects Rallis India to report net profit at Rs. 37.7 crore down 0.9% year-on-year (down 53.6% quarter-on-quarter).

Net Sales are expected to increase by 8.7 percent Y-o-Y (down 20 percent Q-o-Q) to Rs. 579.8 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 9.2 percent Y-o-Y (down 47.9 percent Q-o-Q) to Rs. 60.9 crore.