Engineers India Q2 PAT seen up 23.5% YoY to Rs. 73.4 cr: Yes Securities

Yes Securities has come out with its second quarter (July-September’ 22) earnings estimates for the Capital Goods sector. The brokerage house expects Engineers India to report net profit at Rs. 73.4 crore up 23.5% year-on-year (up 45.4% quarter-on-quarter).

Net Sales are expected to increase by 20.1 percent Y-o-Y (down 3.3 percent Q-o-Q) to Rs. 778.2 crore, according to Yes Securities.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 23 percent Y-o-Y (up 382 percent Q-o-Q) to Rs. 74.3 crore.

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