NRB Bearings Q2 PAT may dip 59.9% YoY to Rs. 11.7 cr: ICICI Direct

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

live

• bselive
• nselive

Volume

Todays L/H

More

×

ICICI Direct has come out with its second quarter (July-September’ 19) earnings estimates for the Capital Goods & Power sector. The brokerage house expects NRB Bearings to report net profit at Rs. 11.7 crore down 59.9% year-on-year (up 34.5% quarter-on-quarter).

Net Sales are expected to decrease by 20.5 percent Y-o-Y (down 4.1 percent Q-o-Q) to Rs. 199.4 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 45.1 percent Y-o-Y (down 0.5 percent Q-o-Q) to Rs. 25.3 crore.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Read More