CEAT Q1 PAT seen up 855.7% YoY to Rs. 89.4 cr: Nirmal Bang

Nirmal Bang has come out with its first quarter (April-June’ 24) earnings estimates for the Auto & Auto ancillary sector. The brokerage house expects CEAT to report net profit at Rs. 89.4 crore up 855.7% year-on-year (up 116.1% quarter-on-quarter).

Net Sales are expected to increase by 12.4 percent Y-o-Y (up 6.8 percent Q-o-Q) to Rs. 2,896.7 crore, according to Nirmal Bang.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 62.6 percent Y-o-Y (up 27.3 percent Q-o-Q) to Rs. 301.3 crore.

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