ICICI has come out with its first quarter (April-June’ 18) earnings estimates for the Capital Goods sector. The brokerage house expects AIA Engineering to report net profit at Rs. 105.4 crore up 20% year-on-year (down 30.6% quarter-on-quarter).
Net Sales are expected to increase by 19.3 percent Y-o-Y (down 8.6 percent Q-o-Q) to Rs. 680.1 crore, according to ICICI.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 17.9 percent Y-o-Y (down 8.2 percent Q-o-Q) to Rs. 152.4 crore.
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