Apollo Tyres Q4 PAT seen up 197.8% YoY to Rs. 338.2 cr: Motilal Oswal

Motilal Oswal has come out with its fourth quarter (January-March’ 23) earnings estimates for the Automobiles sector. The brokerage house expects Apollo Tyres to report net profit at Rs. 338.2 crore up 197.8% year-on-year (up 15.8% quarter-on-quarter).

Net Sales are expected to increase by 13.3 percent Y-o-Y (down 1.6 percent Q-o-Q) to Rs. 6,322.3 crore, according to Motilal Oswal.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 55.4 percent Y-o-Y (up 6.6 percent Q-o-Q) to Rs. 973.3 crore.

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