Reliance Securities has come out with its second quarter (July-September’ 19) earnings estimates for the Auto sector. The brokerage house expects JK Tyre to report net profit at Rs. 10.6 crore down 87.1% year-on-year (down 10.2% quarter-on-quarter).
Net Sales are expected to increase by 2.2 percent Y-o-Y (down 1 percent Q-o-Q) to Rs. 2,549.6 crore, according to Reliance Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 12.7 percent Y-o-Y (down 4.4 percent Q-o-Q) to Rs. 229.1 crore.
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Reliance Securities Earnings Estimates - Consolidated
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