ICICI Direct has come out with its first quarter (April-June�� 18) earnings estimates for the Automobiles sector. The brokerage house expects Mahindra CIE to report net profit at Rs. 125.6 crore up 45.5% year-on-year (up 7.9% quarter-on-quarter).
Net Sales are expected to increase by 17.4 percent Y-o-Y (down 1.5 percent Q-o-Q) to Rs. 1,772.6 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 23.9 percent Y-o-Y (up 4.4 percent Q-o-Q) to Rs. 255 crore.
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Read More First Published on Jul 18, 2018 12:46 pm
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