KR Choksey has come out with its first quarter (April-June’ 18) earnings estimates for the Mid Cap sector. The brokerage house expects GE T&D to report net profit at Rs. 37.6 crore down 39% year-on-year (up 35.3% quarter-on-quarter).
Net Sales are expected to decrease by 15.7 percent Y-o-Y (up 25.3 percent Q-o-Q) to Rs. 1,020 crore, according to KR Choksey.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 75.7 percent Y-o-Y (up 115.5 percent Q-o-Q) to Rs. 25.6 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.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
Read More
