Q3 preview: Metal firms' sales likely to flatten, profits may plunge

Earnings may bottom out during Oct-Dec quarter, say analysts

Subdued demand as well as volatile prices will likely weigh on earnings of metal companies for the third quarter of the ongoing financial year (Q3 of FY23), Bloomberg consensus estimates for the period show.

Year-on-year (YoY) net sales growth will be flat in Q3, Bloomberg data shows, while the bottom line will decline sharply by 60.4 per cent from a year ago.

Earnings before interest tax depreciation and amortisation (Ebitda) will fall by almost 42.1 per cent versus a year ago.

The data has been compiled from a sample size of the top-10 metal firms, including Tata