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Last Updated : Jul 16, 2019 10:32 AM IST | Source: Moneycontrol.com

Balkrishna Industries Q1 PAT may dip 18% YoY to Rs. 177.3 cr: Kotak

Net Sales are expected to decrease by 7.5 percent Y-o-Y (down 3.5 percent Q-o-Q) to Rs. 1,307 crore, according to Kotak.

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Kotak has come out with its first quarter (April-June’ 19) earnings estimates for the Automobiles sector. The brokerage house expects Balkrishna Industries to report net profit at Rs. 177.3 crore down 18% year-on-year (down 3.3% quarter-on-quarter).


Net Sales are expected to decrease by 7.5 percent Y-o-Y (down 3.5 percent Q-o-Q) to Rs. 1,307 crore, according to Kotak.


Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 20.2 percent Y-o-Y (down 2.8 percent Q-o-Q) to Rs. 326.5 crore.


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First Published on Jul 15, 2019 04:38 pm
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