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Motilal Oswal has come out with its fourth quarter (January - March’ 24) earnings estimates for the Automobiles sector. The brokerage house expects Craftsman Auto to report net profit at Rs 86.3 crore up 7.6% year-on-year (up 18.1% quarter-on-quarter).
Net Sales are expected to increase by 21.8 percent Y-o-Y (up 5.7 percent Q-o-Q) to Rs 1,194.4 crore, according to Motilal Oswal.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 28.4 percent Y-o-Y (up 9.9 percent Q-o-Q) to Rs 241.9 crore.
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