Balkrishna Industries Q1 PAT seen up 46.8% YoY to Rs. 224.8 cr: ICICI

ICICI has come out with its first quarter (April-June’ 18) earnings estimates for the Auto & Auto Ancillary sector. The brokerage house expects Balkrishna Industries to report net profit at Rs. 224.8 crore up 46.8% year-on-year (up 5.9% quarter-on-quarter).

Net Sales are expected to increase by 26.9 percent Y-o-Y (up 13.2 percent Q-o-Q) to Rs. 1,285.2 crore, according to ICICI.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 55.3 percent Y-o-Y (up 4 percent Q-o-Q) to Rs. 335.7 crore.

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