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Timken Q1 PAT seen up 31.9% YoY to Rs. 41.7 cr: Kotak

Net Sales are expected to increase by 13 percent Y-o-Y (down 3.3 percent Q-o-Q) to Rs. 433.2 crore, according to Kotak.

July 16, 2019 / 10:28 AM IST
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Kotak has come out with its first quarter (April-June’ 19) earnings estimates for the Automobiles sector. The brokerage house expects Timken to report net profit at Rs. 41.7 crore up 31.9% year-on-year (down 27.1% quarter-on-quarter).


Net Sales are expected to increase by 13 percent Y-o-Y (down 3.3 percent Q-o-Q) to Rs. 433.2 crore, according to Kotak.


Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 31.5 percent Y-o-Y (down 22.9 percent Q-o-Q) to Rs. 78 crore.


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