Schaeffler India
Kotak has come out with its fourth quarter (January-March¡¯ 19) earnings estimates for the Automobiles sector. The brokerage house expects Schaeffler India to report net profit at Rs. 111 crore down 0.7% year-on-year (up 4.3% quarter-on-quarter).
Net Sales are expected to increase by 5 percent Y-o-Y (down 1.5 percent Q-o-Q) to Rs. 1,155.3 crore, according to Kotak.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 5.6 percent Y-o-Y (up 3.1 percent Q-o-Q) to Rs. 190.2 crore.
