Bharat Forge Q4 PAT seen up 15.4% YoY to Rs. 304.6 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 Bharat Forge to report net profit at Rs. 304.6 crore up 15.4% year-on-year (up 6.5% quarter-on-quarter).

Net Sales are expected to increase by 22.2 percent Y-o-Y (up 4.8 percent Q-o-Q) to Rs. 2,045.6 crore, according to Motilal Oswal.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 22.6 percent Y-o-Y (up 7 percent Q-o-Q) to Rs. 527.9 crore.

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