Chola Securities has come out with its third quarter (October-December’ 18) earnings estimates for the Auto & Auto Ancillary sector. The brokerage house expects CEAT to report net profit at Rs. 65.9 crore down 11.5% year-on-year (up 15.1% quarter-on-quarter).
Net Sales are expected to increase by 12 percent Y-o-Y (up 0.5 percent Q-o-Q) to Rs. 1,763 crore, according to Chola Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 13.2 percent Y-o-Y (up 1.9 percent Q-o-Q) to Rs. 162.2 crore.
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