ICICI Direct has come out with its fourth quarter (January-March’ 22) earnings estimates for the Capital Goods sector. The brokerage house expects Greaves Cotton to report net profit at Rs. 20.6 crore down 12.7% year-on-year (up 122.4% quarter-on-quarter).
Net Sales are expected to decrease by 3.4 percent Y-o-Y (up 46.8 percent Q-o-Q) to Rs. 441.2 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 5.8 percent Y-o-Y (up 159.3 percent Q-o-Q) to Rs. 44.6 crore.
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