ICICI Direct has come out with its Third quarter (October-December’ 19) earnings estimates for the Capital Goods and Power sector. The brokerage house expects Bharat Electronics to report net profit at Rs. 452.4 crore down 10.9% year-on-year (up 33.3% quarter-on-quarter).
Net Sales are expected to increase by 20 percent Y-o-Y (up 18.8 percent Q-o-Q) to Rs. 3,259.5 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 12.6 percent Y-o-Y (up 23.2 percent Q-o-Q) to Rs. 671 crore.
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