Bharat Electronics Q1 PAT seen up 316.7% YoY to Rs. 225.4 cr: ICICI Direct

ICICI Direct has come out with its first quarter (April-June’ 21) earnings estimates for the Capital Goods and Power sector. The brokerage house expects Bharat Electronics to report net profit at Rs. 225.4 crore up 316.7% year-on-year (down 83.3% quarter-on-quarter).

Net Sales are expected to increase by 44.4 percent Y-o-Y (down 65.1 percent Q-o-Q) to Rs. 2,412.2 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 166.2 percent Y-o-Y (down 80.2 percent Q-o-Q) to Rs. 390.4 crore.

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