Escorts Q2 PAT may dip 33.8% YoY to Rs 152.2 cr: Motilal Oswal

Motilal Oswal has come out with its second quarter (July-September’ 21) earnings estimates for the Automobiles sector. The brokerage house expects Escorts to report net profit at Rs 152.2 crore down 33.8% year-on-year (down 17.8% quarter-on-quarter).

Net Sales are expected to decrease by 3 percent Y-o-Y (down 4.9 percent Q-o-Q) to Rs 1,590.4 crore, according to Motilal Oswal.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 36.2 percent Y-o-Y (down 17.7 percent Q-o-Q) to Rs 192 crore.

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