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Net Sales are expected to decrease by 24 percent Q-o-Q (up 10.1 percent Y-o-Y) to Rs 688.6 crore, according to KR Choksey.
KR Choksey has come out with its third quarter (October-December) earnings estimates for the Auto & Auto Ancillary sector. The brokerage house expects Minda Industries to report net profit at 27.5 crore down 28.3% quarter-on-quarter.
Net Sales are expected to decrease by 24 percent Q-o-Q (up 10.1 percent Y-o-Y) to Rs 688.6 crore, according to KR Choksey.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 31.2 percent Q-o-Q (up 1.4 percent Y-o-Y) to Rs 64.1 crore.
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Read MoreFirst Published on Jan 12, 2017 01:30 pm