ICICI Direct has come out with its third quarter (October-December’ 20) earnings estimates for the Auto & Auto Ancillary sector. The brokerage house expects Maruti Suzuki to report net profit at Rs. 1,553 crore down 0.8% year-on-year (up 13.2% quarter-on-quarter).
Net Sales are expected to increase by 11 percent Y-o-Y (up 22.6 percent Q-o-Q) to Rs. 22,981 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 1.8 percent Y-o-Y (up 10.6 percent Q-o-Q) to Rs. 2,139 crore.
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