Apar Industries Q1 PAT seen up 31.5% YoY to Rs. 161 cr: Nirmal Bang

Nirmal Bang has come out with its first quarter (April-June’ 24) earnings estimates for the Capital Goods sector. The brokerage house expects Apar Industries to report net profit at Rs. 161 crore up 31.5% year-on-year (down 33.7% quarter-on-quarter).

Net Sales are expected to increase by 22.8 percent Y-o-Y (down 7.1 percent Q-o-Q) to Rs. 3,798.9 crore, according to Nirmal Bang.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 40.9 percent Y-o-Y (down 21.1 percent Q-o-Q) to Rs. 334.5 crore.

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