ICICI Direct has come out with its third quarter (October-December’ 20) earnings estimates for the Auto & Auto Ancillary sector. The brokerage house expects Exide Industries to report net profit at Rs. 197 crore up 0.6% year-on-year (down 13.8% quarter-on-quarter).
Net Sales are expected to increase by 22.4 percent Y-o-Y (up 7.2 percent Q-o-Q) to Rs. 2,952 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 12.2 percent Y-o-Y (down 8.5 percent Q-o-Q) to Rs. 359 crore.
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