Escorts Q2 PAT may dip 15.8% YoY to Rs. 86.5 cr: Reliance Securities

Reliance Securities has come out with its second quarter (July-September’ 19) earnings estimates for the Auto sector. The brokerage house expects Escorts to report net profit at Rs. 86.5 crore down 15.8% year-on-year (down 1.2% quarter-on-quarter).

Net Sales are expected to decrease by 4.6 percent Y-o-Y (down 6.2 percent Q-o-Q) to Rs. 1,334.1 crore, according to Reliance Securities.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 23.7 percent Y-o-Y (down 15.7 percent Q-o-Q) to Rs. 120.1 crore.

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