has come out with its second quarter (July-September) earnings estimates for the Automobiles sector. The brokerage house expects Atul Auto
to report net profit at Rs 12.1 crore, up 142.5 percent quarter-on-quarter.
Net Sales are expected to increase by 56.2 percent Q-o-Q (up 1.8 percent Y-o-Y) to Rs 144.4 crore, according to Centrum.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 119.1 percent Q-o-Q (down 12.9 percent Y-o-Y) to Rs 19.1 crore.Centrum's report on Atul Auto
During the quarter overall volumes stood at 11,761 units down 1% YoY and up 55% QoQ. We expect revenues of Rs1,444mn, up 2% YoY/ 56% QoQ.
We expect the margins improve by 380bps QoQ (13.2%) on the back of volume recovery, however YoY margins are expected to be still down c. 220bps. We expect PAT of Rs121mn, down 10% YoY and up 142% QoQ.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.