Escorts Q2 PAT may dip 35.6% YoY to Rs 147 cr: ICICI Direct

ICICI Direct has come out with its second quarter (July-September’ 21) earnings estimates for the Auto and auto ancillary sector. The brokerage house expects Escorts to report net profit at Rs 147 crore down 35.6% year-on-year (down 15.7% quarter-on-quarter).

Net Sales are expected to decrease by 5.3 percent Y-o-Y (down 7.1 percent Q-o-Q) to Rs 1,552 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 39.4 percent Y-o-Y (down 21.8 percent Q-o-Q) to Rs 182 crore.

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