Escorts Q1 PAT seen up 97.8% YoY to Rs 182 cr: Sharekhan

Sharekhan has come out with its first quarter (April-June’ 21) earnings estimates for the Automobiles sector. The brokerage house expects Escorts to report net profit at Rs 182 crore up 97.8% year-on-year (down 32.8% quarter-on-quarter).

Net Sales are expected to increase by 52 percent Y-o-Y (down 27 percent Q-o-Q) to Rs 1,614 crore, according to Sharekhan.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 303 percent Y-o-Y (down 129 percent Q-o-Q) to Rs 14.3 crore.

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