Balkrishna Q3 PAT seen up 24.1% YoY to Rs. 235.2 cr: Chola Securities

Chola Securities has come out with its third quarter (October-December’ 18) earnings estimates for the Auto & Auto Ancillary sector. The brokerage house expects Balkrishna to report net profit at Rs. 235.2 crore up 24.1% year-on-year (up 5.8% quarter-on-quarter).

Net Sales are expected to increase by 21 percent Y-o-Y (up 1 percent Q-o-Q) to Rs. 1,338.6 crore, according to Chola Securities.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 26.9 percent Y-o-Y (up 10.7 percent Q-o-Q) to Rs. 368.1 crore.

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