Exide Q2 PAT may dip 13.2% YoY to Rs. 233 cr: ICICI Direct

ICICI Direct has come out with its second quarter (July-September’ 19) earnings estimates for the Auto & Auto Ancillary sector. The brokerage house expects Exide to report net profit at Rs. 233 crore down 13.2% year-on-year (up 3.9% quarter-on-quarter).

Net Sales are expected to decrease by 3.9 percent Y-o-Y (down 5.9 percent Q-o-Q) to Rs. 2,614.6 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 11.5 percent Y-o-Y (down 9 percent Q-o-Q) to Rs. 370.9 crore.

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