Motilal Oswal has come out with its fourth quarter (January-March’ 23) earnings estimates for the Automobiles sector. The brokerage house expects Mahindra CIE to report net profit at Rs. 187.2 crore up 16% year-on-year (up 12.6% quarter-on-quarter).
Net Sales are expected to decrease by 5.1 percent Y-o-Y (up 8.6 percent Q-o-Q) to Rs. 2,440.1 crore, according to Motilal Oswal.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 23.3 percent Y-o-Y (up 17.8 percent Q-o-Q) to Rs. 344.4 crore.
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