Net Sales are expected to increase by 3.1 percent Y-o-Y (up 3.5 percent Q-o-Q) to Rs. 4,423.1 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 Apollo Tyres to report net profit at Rs. 155 crore down 38.5% year-on-year (down 8.5% quarter-on-quarter).
Net Sales are expected to increase by 3.1 percent Y-o-Y (up 3.5 percent Q-o-Q) to Rs. 4,423.1 crore, according to Kotak.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 13 percent Y-o-Y (up 8.2 percent Q-o-Q) to Rs. 459.3 crore.
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