Industry News
SKF Q4 PAT Seen up 5% YoY to Rs. 84.9 cr: Kotak
16 Jul,2019Net Sales are expected to increase by 4 percent Y-o-Y (up 4.9 percent Q-o-Q) to Rs. 785.1 crore, according to Kotak.
SKF India
Kotak has come out with its fourth quarter (January-March’ 19) earnings estimates for the Automobiles sector. The brokerage house expects SKF to report net profit at Rs. 84.9 crore up 5% year-on-year (up 3.3% quarter-on-quarter).
Net Sales are expected to increase by 4 percent Y-o-Y (up 4.9 percent Q-o-Q) to Rs. 785.1 crore, according to Kotak.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 2.6 percent Y-o-Y (up 7.2 percent Q-o-Q) to Rs. 119 crore.
