Edelweiss has come out with its second quarter (July-September) earnings estimates for the Automobiles sector. The brokerage house expects CEAT to report net profit at 74.9 crore down 26.5% year-on-year (up 285.5% quarter-on-quarter).
Net Sales are expected to increase by 7.1 percent Y-o-Y (up 4.4 percent Q-o-Q) to Rs. 1514.8 crore, according to Edelweiss.
Earnings before interest, tax, depreciation and amortization (EBITDA) are likely to fall by 18.3 percent Y-o-Y (up 180.7 percent Q-o-Q) to Rs. 151.5 crore.
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