Balkrishna Industries Q1 PAT seen up 136.7% YoY to Rs 288 cr: Sharekhan

Sharekhan has come out with its first quarter (April-June’ 21) earnings estimates for the Automobiles sector. The brokerage house expects Balkrishna Industries to report net profit at Rs 288 crore up 136.7% year-on-year (down 22.5% quarter-on-quarter).

Net Sales are expected to increase by 72.6 percent Y-o-Y (down 6.9 percent Q-o-Q) to Rs 1,625 crore, according to Sharekhan.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 413 percent Y-o-Y (down 103 percent Q-o-Q) to Rs 30 crore.

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