Deepak Nitrite Q2 PAT may dip 42.9% YoY to Rs 110.8 cr: Prabhudas Lilladher

Prabhudas Lilladher has come out with its second quarter (July - September’ 26) earnings estimates for the Chemicals sector. The brokerage house expects Deepak Nitrite to report net profit at Rs 110.8 crore down 42.9% year-on-year (down 1.8% quarter-on-quarter).

Net Sales are expected to decrease by 4.5 percent Y-o-Y (up 2.6 percent Q-o-Q) to Rs 1,939.9 crore, according to Prabhudas Lilladher.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 35 percent Y-o-Y (up 2 percent Q-o-Q) to Rs 193.3 crore.

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