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Kotak published his first quarter (April-June 18) profit estimates for the sector Automobiles . The brokerage expects Escorts to report a net profit of Rs. 111.2 crore up 77.3% yoy (down 1.2% qoq).
Net sales are expected to increase by 22.5% YoY (down 2.6% QoQ) to Rs. According to Kotak, earnings before interest, taxes, depreciation and amortization (EBITDA) are expected to increase by 72.7% YOY (down 3% QOQ) to Rs. 168.5 crore.
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