Bharat Forge Q2 PAT may dip 24.4% YoY to Rs. 172 cr: ICICI Direct


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.

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