Centrum has come out with its second quarter (July-September) earnings estimates for the Automobiles sector. The brokerage house expects MRF to report net profit at Rs 459.4 crore, down 6.4 percent quarter-on-quarter.
Net Sales are expected to increase by 0.4 percent Q-o-Q (up 5 percent Y-o-Y) to Rs 3496 crore, according to Centrum.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 4.1 percent Q-o-Q (up 3.5 percent Y-o-Y) to Rs 805.6 crore.
Centrum's report on MRF
We expect the company to report a modest revenue growth of 5% YoY (flat QoQ).
We expect the company to report adjusted PAT of Rs4.6bn, -6% QoQ (flat YoY).
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