Kotak Securities has come out with its first quarter (April-June) earnings estimates for the capital goods sector. The brokerage house expects Siemens to report a 589.5 percent growth quarter-on-quarter (growth of 471.4 percent year-on-year) in net profit at Rs 206.9 crore.
Revenues are expected to increase by 17.6 percent Q-o-Q (up 15.2 percent Y-o-Y) to Rs 3,476.4 crore, according to Kotak Securities.
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