Escorts Q2 PAT seen up 53% YoY to Rs. 160 cr: ICICI Direct

ICICI Direct has come out with its Second quarter (July-September 20) earnings estimates for the Auto and auto ancillary sector. The brokerage house expects Escorts to report net profit at Rs. 160 crore up 53% year-on-year (up 77% quarter-on-quarter).

Net Sales are expected to increase by 14 percent Y-o-Y (up 43 percent Q-o-Q) to Rs. 1,514 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 55 percent Y-o-Y (up 65 percent Q-o-Q) to Rs. 197 crore.

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