ICICI Securities has come out with its first quarter (April-June) earnings estimates for the Capital Goods sector. The brokerage house expects Crompton Greaves to report a 82.5 percent degrowth year-on-year in net profit at Rs 21.2 crore.Sales are expected to decrease by 13.2 percent Q-o-Q to Rs 1450 crore, according to ICICI Securities.Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 33.5 percent Q-o-Q to Rs 103 crore.ICICI Securities's report on Crompton GreavesWe estimate consolidated revenues to decline by 13 percent Q-o-Q to Rs 14.5bn led by a 54 percent Q-o-Q decline in international operations. Consolidated EBITDA margin to decline by 217bps Q-o-Q to 7.1 percent. Subsequently, we expect consolidated PAT at Rs 212mn. 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.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
