Motilal Oswal has come out with its second quarter (July-September’ 18) earnings estimates for the Automobiles sector. The brokerage house expects Eicher Motors to report net profit at Rs. 581.2 crore up 12.2% year-on-year (up 0.9% quarter-on-quarter).
Net Sales are expected to increase by 9.7 percent Y-o-Y (down 6.6 percent Q-o-Q) to Rs. 2,378.5 crore, according to Motilal Oswal.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 8.5 percent Y-o-Y (down 8.5 percent Q-o-Q) to Rs. 740.9 crore.
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