ICICI Direct has come out with its second quarter (July-September’ 19) earnings estimates for the Consumer Discretionary sector. The brokerage house expects Supreme Industries to report net profit at Rs. 84.4 crore down 21.2% year-on-year (down 3.1% quarter-on-quarter).
Net Sales are expected to increase by 2.3 percent Y-o-Y (down 6.3 percent Q-o-Q) to Rs. 1,346.6 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 20 percent Y-o-Y (up 1.5 percent Q-o-Q) to Rs. 169.9 crore.
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ICICI Direct Earnings Estimates - Consolidated
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