Greaves Cotton Q3 PAT may dip 61.6% YoY to Rs. 19.4 cr: ICICI Direct

ICICI Direct has come out with its third quarter (October-December’ 20) earnings estimates for the Capital Goods sector. The brokerage house expects Greaves Cotton to report net profit at Rs. 19.4 crore down 61.6% year-on-year (up 474.4% quarter-on-quarter).

Net Sales are expected to decrease by 28.6 percent Y-o-Y (up 22.5 percent Q-o-Q) to Rs. 353.1 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 56.1 percent Y-o-Y (up 94.1 percent Q-o-Q) to Rs. 33.9 crore.

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