Force Motors Q4 PAT seen up 12.2% YoY to Rs. 60 cr: HDFC Securities

Trucks carrying containers enter the Jawaharlal Nehru Port Trust (JNPT) on the outskirts of Mumbai, India June 28, 2017. REUTERS/Shailesh Andrade - RC1D0ED15450

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HDFC Securities has come out with its fourth quarter (Jan-March’ 18) earnings estimates for the Auto sector. The brokerage house expects Force Motors to report net profit at Rs. 60 crore up 12.2% year-on-year (up 320.4% quarter-on-quarter).

Net Sales are expected to increase by 20.3 percent Y-o-Y (up 34.5 percent Q-o-Q) to Rs. 1,010 crore, according to HDFC Securities.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 19.3 percent Y-o-Y (up 141.2 percent Q-o-Q) to Rs. 110 crore.

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