Motilal Oswal has come out with its second quarter (July-September’ 21) earnings estimates for the Automobiles sector. The brokerage house expects Mahindra & Mahindra to report net profit at Rs 1,117.1 crore down 13.5% year-on-year (up 19.6% quarter-on-quarter).
Net Sales are expected to increase by 6 percent Y-o-Y (up 3.8 percent Q-o-Q) to Rs 12,209.4 crore, according to Motilal Oswal.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 24.8 percent Y-o-Y (down 8.3 percent Q-o-Q) to Rs 1,495.7 crore.
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