has come out with its second quarter (July-September) earnings estimates for the Automobiles sector. The brokerage house expects FIEM Industries
to report net profit at Rs 14.8 crore, up 29.4 percent quarter-on-quarter.
Net Sales are expected to increase by 15 percent Q-o-Q (up 18.4 percent Y-o-Y) to Rs 277.7 crore, according to Centrum.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 15.3 percent Q-o-Q (up 23 percent Y-o-Y) to Rs 36 crore.
Centrum's report on FIEM Industries
We expect FIEM to register revenues of Rs2,777mn, up 18% YoY/ +15% QoQ on the back of robust volume growth by key automotive clients like Honda 2Ws and TVS Motors.
We expect FIEM’s net profit to grow 18% YoY to Rs148mn in Q2FY17E.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.