Sharekhan has come out with its first quarter (April-June’ 21) earnings estimates for the Automobiles sector. The brokerage house expects Sundram Fasteners to report net profit at Rs 113 crore (down 20% quarter-on-quarter).
Net Sales are expected to increase by 172.9 percent Y-o-Y (down 20 percent Q-o-Q) to Rs 1,018 crore, according to Sharekhan.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 1,245 percent Y-o-Y (down 210 percent Q-o-Q) to Rs 16.5 crore.
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