ICICI Direct has come out with its fourth quarter (January-March’ 22) earnings estimates for the Auto & Auto Ancillary sector. The brokerage house expects Bajaj Auto to report net profit at Rs. 987 crore down 25.9% year-on-year (down 18.7% quarter-on-quarter).
Net Sales are expected to decrease by 12.6 percent Y-o-Y (down 16.7 percent Q-o-Q) to Rs. 7,511 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 32.1 percent Y-o-Y (down 24.5 percent Q-o-Q) to Rs. 1,035 crore.
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