Exide Industries Q1 PAT seen up 229.9% YoY to Rs 145 cr: Sharekhan

Sharekhan has come out with its first quarter (April-June’ 21) earnings estimates for the Automobiles sector. The brokerage house expects Exide Industries to report net profit at Rs 145 crore up 229.9% year-on-year (down 40.6% quarter-on-quarter).

Net Sales are expected to increase by 48.1 percent Y-o-Y (down 22 percent Q-o-Q) to Rs 2,292 crore, according to Sharekhan.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 261 percent Y-o-Y (down 183 percent Q-o-Q) to Rs 12.2 crore.

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