Techno Electric Q3 PAT may dip 50% to Rs 35 cr: ICICI Securities

Net Sales are expected to increase by 8.3 percent Q-o-Q (up 25.7 percent Y-o-Y) to Rs 398.1 crore, according to ICICI Securities.

January 14, 2017 / 13:59 IST

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ICICI Securities has come out with its third quarter (October-December) earnings estimates for the Capital goods sector. The brokerage house expects Techno Electric to report net profit at 35.3 crore down 50% quarter-on-quarter.

Net Sales are expected to increase by 8.3 percent Q-o-Q (up 25.7 percent Y-o-Y) to Rs 398.1 crore, according to ICICI Securities.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 48.3 percent Q-o-Q (up 56.1 percent Y-o-Y) to Rs 57.7 crore.

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first published: Jan 14, 2017 01:59 pm

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