PL Capital has come out with its third quarter (October-December’ 24) earnings estimates for the Automobiles sector. The brokerage house expects Mahindra and Mahindra to report net profit at Rs. 3,109.3 crore up 26.7% year-on-year (down 19% quarter-on-quarter).
Net Sales are expected to increase by 23.4 percent Y-o-Y (up 13.3 percent Q-o-Q) to Rs. 31,204.2 crore, according to PL Capital.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 38.4 percent Y-o-Y (up 14.7 percent Q-o-Q) to Rs. 4,477.8 crore.
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