Reliance Securities has come out with its second quarter (July-September’ 19) earnings estimates for the Auto sector. The brokerage house expects Apollo Tyres to report net profit at Rs. 100.3 crore down 46.1% year-on-year (down 29.1% quarter-on-quarter).
Net Sales are expected to decrease by 1.3 percent Y-o-Y (down 3 percent Q-o-Q) to Rs. 4,201.6 crore, according to Reliance Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 8.9 percent Y-o-Y (down 10.4 percent Q-o-Q) to Rs. 425.5 crore.
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