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

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.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.