YES Securities has come out with its fourth quarter (January-March’ 21) earnings estimates for the Capital Goods & Defense sector. The brokerage house expects AIA Engineering to report net profit at Rs 102.3 crore down 37% year-on-year (down 35.7% quarter-on-quarter).
Net Sales are expected to decrease by 13.9 percent Y-o-Y (up 5.7 percent Q-o-Q) to Rs 738.2 crore, according to YES Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 130.1 percent Y-o-Y (down 439.7 percent Q-o-Q) to Rs 149.6 crore.
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