Motilal Oswal has come out with its third quarter (October-December) earnings estimates for the Automobile sector. The brokerage house expects Exide Inds. to report net profit at 128.3 crore down 28.2% quarter-on-quarter.
Net Sales are expected to decrease by 19.3 percent Q-o-Q (up 2 percent Y-o-Y) to Rs 1551.5 crore, according to Motilal Oswal.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 25.3 percent Q-o-Q (down 7.5 percent Y-o-Y) to Rs 216.7 crore.
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