Bharat Forge Q3 PAT seen up 148.8% YoY to Rs. 240.9 cr: Motilal Oswal

Motilal Oswal has come out with its third quarter (October-December’ 21) earnings estimates for the Auto & Auto Ancillary sector. The brokerage house expects Bharat Forge to report net profit at Rs. 240.9 crore up 148.8% year-on-year (down 20.6% quarter-on-quarter).

Net Sales are expected to increase by 46.3 percent Y-o-Y (down 5.1 percent Q-o-Q) to Rs. 1,514.9 crore, according to Motilal Oswal.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 75.5 percent Y-o-Y (down 7.8 percent Q-o-Q) to Rs. 409.3 crore.

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