Net Sales are expected to increase by 0.5 percent Y-o-Y (down 2.6 percent Q-o-Q) to Rs. 1,715.3 crore, according to Kotak.
Kotak has come out with its fourth quarter (January-March’ 19) earnings estimates for the Automobiles sector. The brokerage house expects CEAT to report net profit at Rs. 56 crore down 23.9% year-on-year (down 6.8% quarter-on-quarter).
Net Sales are expected to increase by 0.5 percent Y-o-Y (down 2.6 percent Q-o-Q) to Rs. 1,715.3 crore, according to Kotak.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 13.3 percent Y-o-Y (down 6.1 percent Q-o-Q) to Rs. 152.4 crore.
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