Sharekhan has come out with its first quarter (April-June’ 21) earnings estimates for the Automobiles sector. The brokerage house expects Ramkrishna Forgings to report net profit at Rs 17 crore (down 52.4% quarter-on-quarter).
Net Sales are expected to increase by 235.3 percent Y-o-Y (down 25 percent Q-o-Q) to Rs 388 crore, according to Sharekhan.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 1,879 percent Y-o-Y (down 329 percent Q-o-Q) to Rs 17.5 crore.
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