Motherson Sumi Q2 PAT may dip 36.7% YoY to Rs 214 cr: ICICI Direct

ICICI Direct has come out with its second quarter (July-September’ 21) earnings estimates for the Auto and auto ancillary sector. The brokerage house expects Motherson Sumi to report net profit at Rs 214 crore down 36.7% year-on-year (down 26.1% quarter-on-quarter).

Net Sales are expected to decrease by 8.1 percent Y-o-Y (down 14.5 percent Q-o-Q) to Rs 14,510 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 23.2 percent Y-o-Y (down 12.7 percent Q-o-Q) to Rs 1,165 crore.

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