ICICI Direct has come out with its second quarter (July-September’ 19) earnings estimates for the Auto & Auto Ancillary sector. The brokerage house expects Bharat Forge to report net profit at Rs. 172 crore down 24.4% year-on-year (down 1.2% quarter-on-quarter).
Net Sales are expected to decrease by 25.4 percent Y-o-Y (down 7 percent Q-o-Q) to Rs. 1,252.7 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 26.5 percent Y-o-Y (down 8.7 percent Q-o-Q) to Rs. 319.1 crore.
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Get access to India’s fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code “GETPRO”. Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.