Motilal Oswal has come out with its third quarter (October-December) earnings estimates for the Automobile sector. The brokerage house expects Bharat Forge to report net profit at 137.7 crore up 8.5% quarter-on-quarter.
Net Sales are expected to increase by 3.5 percent Q-o-Q (down 12.3 percent Y-o-Y) to Rs 922.3 crore, according to Motilal Oswal.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 5 percent Q-o-Q (down 18 percent Y-o-Y) to Rs 260.1 crore.
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