HDFC Securities has come out with its third quarter (October-December) earnings estimates for the Consumer Durable sector. The brokerage house expects VGuard to report net profit at Rs. 20 crore down 36.8% quarter-on-quarter.
Net Sales are expected to decrease by 11.7 percent Q-o-Q (up 5 percent Y-o-Y) to Rs 440 crore, according to HDFC Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 30.4 percent Q-o-Q (up 7.2 percent Y-o-Y) to Rs 40 crore.
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