HDFC Securities has come out with its fourth quarter (Jan-March’ 18) earnings estimates for the Auto Ancillaries sector. The brokerage house expects Ramkrishna Forgings to report net profit at Rs. 30 crore up 116.4% year-on-year (up 9.7% quarter-on-quarter).
Net Sales are expected to increase by 44.2 percent Y-o-Y (up 4.1 percent Q-o-Q) to Rs. 420 crore, according to HDFC Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 42.3 percent Y-o-Y (up 3.9 percent Q-o-Q) to Rs. 80 crore.
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HDFC Securities Q4 Preview - Auto
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