ICICI Direct has come out with its second quarter (July-September’ 19) earnings estimates for the Capital Goods & Power sector. The brokerage house expects Bharat Electronics to report net profit at Rs. 578.5 crore up 1.3% year-on-year (up 182.6% quarter-on-quarter).
Net Sales are expected to increase by 5.7 percent Y-o-Y (up 70.1 percent Q-o-Q) to Rs. 3,573.9 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 4.9 percent Y-o-Y (up 133.4 percent Q-o-Q) to Rs. 812.6 crore.