Angel Broking has come out with its earning estimates on auto ancillary sector for the quarter ended March 2011. According to the research firm, Automotive Axle March quarter net sales are expected to go up by 28.4% at Rs 175 crore, year-on-year, (YoY) basis.
The company's net profit is expected to go up by 53.9% at Rs 9.9 crore on YoY basis.
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