Edelweiss has come out with its fourth quarter (Jan-March’ 18) earnings estimates for the Engineering & Capital Goods sector. The brokerage house expects Praj Industries to report net profit at Rs. 20.4 crore down 10.3% year-on-year (up 171.2% quarter-on-quarter).
Net Sales are expected to decrease by 10.2 percent Y-o-Y (up 9 percent Q-o-Q) to Rs. 270.7 crore, according to Edelweiss.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 16.1 percent Y-o-Y (up 91.4 percent Q-o-Q) to Rs. 32.1 crore.moneycontrol