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Grindwell Norton Q1 PAT seen up 22.2% YoY to Rs. 36.7 cr: ICICI

Net Sales are expected to increase by 14.7 percent Y-o-Y (up 1 percent Q-o-Q) to Rs. 387.3 crore, according to ICICI.

July 23, 2018 / 06:40 PM IST
Coal power plant (Representative Image: Getty)

Coal power plant (Representative Image: Getty)

 
 
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ICICI has come out with its first quarter (April-June’ 18) earnings estimates for the Capital Goods sector. The brokerage house expects Grindwell Norton to report net profit at Rs. 36.7 crore up 22.2% year-on-year (down 16.6% quarter-on-quarter).


Net Sales are expected to increase by 14.7 percent Y-o-Y (up 1 percent Q-o-Q) to Rs. 387.3 crore, according to ICICI.


Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 19.2 percent Y-o-Y (down 14.8 percent Q-o-Q) to Rs. 61.9 crore.


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