Balkrishna Industries Q4 PAT may dip 26.3% YoY to Rs. 273.1 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 Balkrishna Industries to report net profit at Rs. 273.1 crore down 26.3% year-on-year (up 174.5% quarter-on-quarter).

Net Sales are expected to decrease by 2.5 percent Y-o-Y (up 7.1 percent Q-o-Q) to Rs. 2,371.7 crore, according to Motilal Oswal.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 13.6 percent Y-o-Y (up 17.6 percent Q-o-Q) to Rs. 497.8 crore.

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