Escorts Q1 PAT may dip 22.9% YoY to Rs. 92.2 cr: Kotak

Kotak has come out with its first quarter (April-June’ 19) earnings estimates for the Automobiles sector. The brokerage house expects Escorts to report net profit at Rs. 92.2 crore down 22.9% year-on-year (down 24% quarter-on-quarter).

Net Sales are expected to decrease by 7.7 percent Y-o-Y (down 14.5 percent Q-o-Q) to Rs. 1,394.6 crore, according to Kotak.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 20.1 percent Y-o-Y (down 21.9 percent Q-o-Q) to Rs. 148.3 crore.

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