Motilal Oswal has come out with its second quarter (July-September’ 21) earnings estimates for the Automobiles sector. The brokerage house expects Exide Industries to report net profit at Rs 163.6 crore down 28.5% year-on-year (up 30.5% quarter-on-quarter).
Net Sales are expected to increase by 4 percent Y-o-Y (up 15.2 percent Q-o-Q) to Rs 2,863.5 crore, according to Motilal Oswal.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 21.2 percent Y-o-Y (up 18.6 percent Q-o-Q) to Rs 309 crore.
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