Prabhudas Lilladher has come out with its second quarter (July-September’ 18) earnings estimates for the Automobiles sector. The brokerage house expects Exide Industries to report net profit at Rs. 236.5 crore up 33.4% year-on-year (up 12.7% quarter-on-quarter).
Net Sales are expected to increase by 14.5 percent Y-o-Y (down 2.7 percent Q-o-Q) to Rs. 2,698.4 crore, according to Prabhudas Lilladher.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 38.9 percent Y-o-Y (up 5.1 percent Q-o-Q) to Rs. 410.9 crore.
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