Motilal Oswal has come out with its fourth quarter (January-March’ 23) earnings estimates for the Automobiles sector. The brokerage house expects Bajaj Auto to report net profit at Rs. 1,325.3 crore up 8.1% year-on-year (down 11.1% quarter-on-quarter).
Net Sales are expected to increase by 3 percent Y-o-Y (down 11.8 percent Q-o-Q) to Rs. 8,211.5 crore, according to Motilal Oswal.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 12.9 percent Y-o-Y (down 13.2 percent Q-o-Q) to Rs. 1,541.7 crore.
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