Arihant Capital has come out with its first quarter (April-June’ 21) earnings estimates for the Auto sector. The brokerage house expects Bajaj Auto to report net profit at Rs. 1198.9 crore up 7% year-on-year (down 10% quarter-on-quarter).
Net Sales are expected to decrease by 3 percent Y-o-Y (down 12 percent Q-o-Q) to Rs. 7,542.1 crore, according to Arihant Capital.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 6 percent Y-o-Y (down 13 percent Q-o-Q) to Rs. 1,321.8 crore.
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