ICICI Direct has come out with its fourth quarter (January-March’ 19) earnings estimates for the Capital Goods sector. The brokerage house expects Engineers India to report net profit at Rs. 78.7 crore up 14.1% year-on-year (down 13.3% quarter-on-quarter).
Net Sales are expected to increase by 10.5 percent Y-o-Y (down 2.4 percent Q-o-Q) to Rs. 563.1 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 17.2 percent Y-o-Y (down 29 percent Q-o-Q) to Rs. 67.4 crore.
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