Balkrishna Ind Q4 PAT seen up 54.4% YoY to Rs 212.2 cr: ICICI Direct

ICICI Direct has come out with its fourth quarter (Jan-March’ 18) earnings estimates for the Auto & Auto Ancillary sector. The brokerage house expects Balkrishna Ind to report net profit at Rs. 212.2 crore up 54.4% year-on-year (up 12% quarter-on-quarter).

Net Sales are expected to increase by 13.2 percent Y-o-Y (up 2.6 percent Q-o-Q) to Rs. 1,135.4 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 26.4 percent Y-o-Y (up 11.3 percent Q-o-Q) to Rs. 322.8 crore.

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