ICICI Direct Capital Goods Sector has released its fourth-quarter (January-March 22) earnings estimates. The brokerage house expects India to make a net profit of Rs 1,003 crore, 25.8% year-on-year (increased 71.9% quarter).

Net sales fell to Rs 8.5% Y-o-Y (up 71.1% Q-o-Q). 6,320.5 Crore as per ICICI Direct. Interest, taxes, depreciation, and pre-paying income (EBITDA) decreased by 28% Y-o-Y (up to 72.5% Q-o-Q) by Rs. 1,417.9 Crores.