Schaeffler India Q1 PAT seen up 29.3% YoY to Rs. 69.8 cr: Kotak

Kotak has come out with its first quarter (April-June’ 18) earnings estimates for the Automobiles sector. The brokerage house expects Schaeffler India to report net profit at Rs. 69.8 crore up 29.3% year-on-year (up 5.7% quarter-on-quarter).

Net Sales are expected to increase by 17 percent Y-o-Y (up 3.1 percent Q-o-Q) to Rs. 537.3 crore, according to Kotak.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 19.9 percent Y-o-Y (up 11.7 percent Q-o-Q) to Rs. 103.3 crore.

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