Motilal Oswal has come out with its fourth quarter (January-March’ 23) earnings estimates for the Automobiles sector. The brokerage house expects MRF to report net profit at Rs. 275.1 crore up 75.5% year-on-year (up 62.6% quarter-on-quarter).
Net Sales are expected to increase by 12.1 percent Y-o-Y (up 5.3 percent Q-o-Q) to Rs. 5,827 crore, according to Motilal Oswal.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 31.2 percent Y-o-Y (up 26.2 percent Q-o-Q) to Rs. 692.1 crore.
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