Moneycontrol
Jan 14, 2017 01:50 PM IST IST | Source: Moneycontrol.com

Engineers India Q3 PAT may dip 13% to Rs 82 cr: ICICI Securities

Net Sales are expected to decrease by 7.6 percent Q-o-Q (down 15 percent Y-o-Y) to Rs 313.1 crore, according to ICICI Securities.


ICICI Securities has come out with its third quarter (October-December) earnings estimates for the Capital goods sector. The brokerage house expects Engineers India to report net profit at 81.8 crore down 12.8% quarter-on-quarter.


Net Sales are expected to decrease by 7.6 percent Q-o-Q (down 15 percent Y-o-Y) to Rs 313.1 crore, according to ICICI Securities.


Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 27.9 percent Q-o-Q (up 74.8 percent Y-o-Y) to Rs 67.6 crore.

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