Minda Industries Q2 PAT may dip 29% YoY to Rs 57 cr: ICICI Direct

ICICI Direct has come out with its second quarter (July-September’ 21) earnings estimates for the Auto and auto ancillary sector. The brokerage house expects Minda Industries to report net profit at Rs 57 crore down 29% year-on-year (up 271.6% quarter-on-quarter).

Net Sales are expected to increase by 25.3 percent Y-o-Y (up 14.6 percent Q-o-Q) to Rs 1,836 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 10.5 percent Y-o-Y (up 31.4 percent Q-o-Q) to Rs 193 crore.

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