Net Sales are expected to increase by 9 percent Y-o-Y (up 0.6 percent Q-o-Q) to Rs. 621.4 crore, according to Chola Securities.
Chola Securities has come out with its third quarter (October-December’ 18) earnings estimates for the Auto & Auto Ancillary sector. The brokerage house expects Rane to report net profit at Rs. 36.3 crore down 3.2% year-on-year (up 8.2% quarter-on-quarter).
Net Sales are expected to increase by 9 percent Y-o-Y (up 0.6 percent Q-o-Q) to Rs. 621.4 crore, according to Chola Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 10.7 percent Y-o-Y (up 6 percent Q-o-Q) to Rs. 62.1 crore.
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