ICICI Direct has come out with its second quarter (July-September’ 19) earnings estimates for the Capital Goods & Power sector. The brokerage house expects SKF India to report net profit at Rs. 76.7 crore down 9% year-on-year (down 1.6% quarter-on-quarter).
Net Sales are expected to decrease by 3.5 percent Y-o-Y (down 4.9 percent Q-o-Q) to Rs. 739.1 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 20.9 percent Y-o-Y (down 19.1 percent Q-o-Q) to Rs. 97.1 crore.
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