Moneycontrol PRO
UPCOMING EVENT:Attend Traders Carnival Live. 3 days 12 sessions at Rs.1599/-, exclusive for Moneycontrol Pro subscribers. Register now!

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
Escorts-1

Escorts-1

 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

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.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Close
 

stay updated

Get Daily News on your Browser
Sections
ISO 27001 - BSI Assurance Mark