January 25, 2022

The World Stock Markets Tips & Targets, News, Views & Updates

The World Stock Markets Tips & Targets, News, Views & Updates

Asian Paints Q3 PAT may dip 6.2% YoY to Rs 596 cr: KRChoksey

Net Sales are expected to increase by 18 percent Y-o-Y (up 12.9 percent Q-o-Q) to Rs 7,096 crore, according to KRChoksey.

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January 10, 2022 / 06:39 PM IST

KRChoksey has come out with its third quarter (October-December’ 21) earnings estimates for the Consumer Goods sector. The brokerage house expects Asian Paints to report net profit at Rs 596 crore down 6.2% year-on-year (up 94.9% quarter-on-quarter).

Net Sales are expected to increase by 18 percent Y-o-Y (up 12.9 percent Q-o-Q) to Rs 7,096 crore, according to KRChoksey.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 12.6 percent Y-o-Y (up 12.7 percent Q-o-Q) to Rs 9,045 crore.

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