Motilal Oswal has come out with its third quarter (October-December) earnings estimates for the Automobile sector. The brokerage house expects Tata Motors to report net profit at 2916.5 crore up 256.1% quarter-on-quarter.
Net Sales are expected to increase by 7.5 percent Q-o-Q (down 2 percent Y-o-Y) to Rs 70842.2 crore, according to Motilal Oswal.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 42.1 percent Q-o-Q (down 4.8 percent Y-o-Y) to Rs 8926 crore.
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