GNA Axles Q1 PAT to Rs 9 cr: Sharekhan

Sharekhan has come out with its first quarter (April-June’ 21) earnings estimates for the Automobiles sector. The brokerage house expects GNA Axles to report net profit at Rs 9 crore (down 67.1% quarter-on-quarter).

Net Sales are expected to increase by 166.9 percent Y-o-Y (down 30 percent Q-o-Q) to Rs 217 crore, according to Sharekhan.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 385 percent Y-o-Y (down 479 percent Q-o-Q) to Rs 10.8 crore.

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