Motilal Oswal has come out with its fourth quarter (January-March’ 23) earnings estimates for the Automobiles sector. The brokerage house expects TVS Motors to report net profit at Rs. 366.1 crore up 33.4% year-on-year (up 3.8% quarter-on-quarter).
Net Sales are expected to increase by 17.6 percent Y-o-Y (down 0.6 percent Q-o-Q) to Rs. 6,505.9 crore, according to Motilal Oswal.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 21.9 percent Y-o-Y (up 3 percent Q-o-Q) to Rs. 679 crore.
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