ICICI Direct has come out with its first quarter (April-June’ 19) earnings estimates for the Consumer Discretionary sector. The brokerage house expects Bajaj Electricals to report net profit at Rs. 35.9 crore down 11.4% year-on-year (up 26% quarter-on-quarter).
Net Sales are expected to increase by 15 percent Y-o-Y (down 26.1 percent Q-o-Q) to Rs. 1,310.9 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 5.8 percent Y-o-Y (up 21.8 percent Q-o-Q) to Rs. 84.4 crore.
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ICICI Direct - Consolidated Earnings Estimates
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