Moneycontrol

Budget 2021

Associate Partners:

  • SMC
  • Samsung
  • Volvo

Moneycontrol

Budget 2021

Associate Partners:

  • SMCSamsungVolvo
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Escorts Q3 PAT seen up 70.8% YoY to Rs. 261 cr: ICICI Direct

Net Sales are expected to increase by 29.5 percent Y-o-Y (up 29 percent Q-o-Q) to Rs. 2,115 crore, according to ICICI Direct.

January 12, 2021 / 10:36 PM IST
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ICICI Direct has come out with its third quarter (October-December’ 20) earnings estimates for the Auto & Auto Ancillary sector. The brokerage house expects Escorts to report net profit at Rs. 261 crore up 70.8% year-on-year (up 14.2% quarter-on-quarter).

Net Sales are expected to increase by 29.5 percent Y-o-Y (up 29 percent Q-o-Q) to Rs. 2,115 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 59.4 percent Y-o-Y (up 12.5 percent Q-o-Q) to Rs. 338 crore.

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