Net Sales are expected to increase by 2 percent Y-o-Y (down 3.5 percent Q-o-Q) to Rs. 3,932.7 crore, according to Kotak.
Kotak has come out with its fourth quarter (January-March’ 19) earnings estimates for the Automobiles sector. The brokerage house expects MRF to report net profit at Rs. 253.3 crore down 2.8% year-on-year (down 13.8% quarter-on-quarter).
Net Sales are expected to increase by 2 percent Y-o-Y (down 3.5 percent Q-o-Q) to Rs. 3,932.7 crore, according to Kotak.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 7.2 percent Y-o-Y (down 3.3 percent Q-o-Q) to Rs. 552.5 crore.
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