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Apollo Tyres' revenues may drop 8 percent year-on-year to Rs 2,910 crore due to weak demand. Demand slowdown is mainly on account of a 10.1 percent Y-o-Y degrowth in domestic revenues, reflecting the slowdown in the commercial vehicle (CV) segment.
Kotak Securities expects Apollo Tyres to report a 14.2 percent degrowth quarter-on-quarter (decline of 11.9 percent year-on-year) in net profit at Rs 121.6 crore.
Prabhudas Lilladher expects Apollo Tyres to report a 8.2 percent degrowth quarter-on-quarter (decline of 17.9 percent year-on-year) in net profit at Rs 114 crore.
Balrampur Chini, Reliance Communication are a miss whereas Apollo Tyres, Central Bank, Essar OIl are a hit for SP Tulsian.
Kotak Securities has come with its March`13 quarterly earning estimates for auto sector. According to the research firm, M&HCV segment continues to bore the maximum brunt of the current economic slowdown.
Angel Broking has come with its March`13 quarterly earning estimates for auto and auto ancillary sector. The research firm continues to prefer stocks that have strong fundamentals, high exposure to rural and export markets and command superior pricing power.
Apollo Tyres, one of the leading tyre manufacturers in India, is going to declare its third quarter results on Wednesday. Analysts on an average expect pick up in operational performance of the company in December quarter although topline growth will be muted, according to CNBC-TV18 poll.
Nirmal Bang has come with its December`12 quarterly earning estimates for auto and auto ancillary sector. The research firm expects the EBITDA margins of companies to remain under pressure YoY.
Dolat Capital has come with its December`12 quarterly earning estimates for auto sector. According to research firm, demand for petrol vehicles continues to be under pressure despite heavy discounts.