GNA Axles Q4 PAT seen up 6.5% YoY to Rs. 17.5 cr: Sharekhan

Sharekhan has come out with its fourth quarter (January-March’ 19) earnings estimates for the Automobiles sector. The brokerage house expects GNA Axles to report net profit at Rs. 17.5 crore up 6.5% year-on-year (down 2.4% quarter-on-quarter).

Net Sales are expected to increase by 18 percent Y-o-Y (down 2 percent Q-o-Q) to Rs. 241.3 crore, according to Sharekhan.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 86.7 percent Y-o-Y (down 50.1 percent Q-o-Q) to Rs. 15.3 crore.

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