JK Tyre Q4 PAT may dip 80.5% YoY to Rs. 17.3 cr: KR Choksey

KR Choksey has come out with its fourth quarter (Jan-March’ 18) earnings estimates for the Auto sector. The brokerage house expects JK Tyre to report net profit at Rs. 17.3 crore down 80.5% year-on-year (up 981.1% quarter-on-quarter).

Net Sales are expected to increase by 16 percent Y-o-Y (up 16.4 percent Q-o-Q) to Rs. 2,471.2 crore, according to KR Choksey.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 18.6 percent Y-o-Y (up 11.4 percent Q-o-Q) to Rs. 237.2 crore.

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