ICICI Securities has come out with its first quarter (April-June) earnings estimates for the Capital Goods sector. The brokerage house expects Techno Electric to report a 43.2 percent growth quarter-on-quarter (growth of 98.1 percent year-on-year) in net profit at Rs 38.9.6crore.Sales are expected to decrease by 19.7 percent Q-o-Q (up 30 percent Y-o-Y) to Rs 261.9 crore, according to ICICI Securities.Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 24.3 percent Q-o-Q (up 39.7 percent Y-o-Y) to Rs 62.9 crore.ICICI Securities's report on Techno ElectricWe estimate sales to go up by 30 percent Y-o-Y to Rs 2.6bn. We expect EBITDA margin to be 24 percent, up 167bps. Bottom line is expected to increase by 98 percent Y-o-Y to Rs 389mn. 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.
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