Solar Industries India Q1 PAT may dip 2% YoY to Rs. 166.8 cr: Nirmal Bang

Nirmal Bang has come out with its first quarter (April-June’ 24) earnings estimates for the Capital Goods sector. The brokerage house expects Solar Industries India to report net profit at Rs. 166.8 crore down 2% year-on-year (down 19.1% quarter-on-quarter).

Net Sales are expected to decrease by 5 percent Y-o-Y (down 20.4 percent Q-o-Q) to Rs. 1,534.9 crore, according to Nirmal Bang.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 6.9 percent Y-o-Y (down 15.4 percent Q-o-Q) to Rs. 302.4 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.