Balkrishna Industries Q1 PAT may dip 34.1% YoY to Rs. 260 cr: Nirmal Bang

Nirmal Bang has come out with its first quarter (April-June’ 24) earnings estimates for the Auto & Auto ancillary sector. The brokerage house expects Balkrishna Industries to report net profit at Rs. 260 crore down 34.1% year-on-year (down 2.1% quarter-on-quarter).

Net Sales are expected to decrease by 0.6 percent Y-o-Y (up 9.1 percent Q-o-Q) to Rs. 2,416.5 crore, according to Nirmal Bang.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 18.7 percent Y-o-Y (up 39.4 percent Q-o-Q) to Rs. 468.8 crore.

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