Centrum has come out with its second quarter (July-September) earnings estimates for the Automobiles sector. The brokerage house expects MRF to report net profit at Rs 459.4 crore, down 6.4 percent quarter-on-quarter.
Net Sales are expected to increase by 0.4 percent Q-o-Q (up 5 percent Y-o-Y) to Rs 3496 crore, according to Centrum.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 4.1 percent Q-o-Q (up 3.5 percent Y-o-Y) to Rs 805.6 crore.
Centrum's report on MRFWe expect the company to report a modest revenue growth of 5% YoY (flat QoQ).We expect the company to report adjusted PAT of Rs4.6bn, -6% QoQ (flat YoY).Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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