Motilal Oswal has come out with its second quarter (July-September’ 21) earnings estimates for the Automobiles sector. The brokerage house expects MRF to report net profit at Rs 317.7 crore down 21.2% year-on-year (up 96.9% quarter-on-quarter).
Net Sales are expected to increase by 15 percent Y-o-Y (up 16.6 percent Q-o-Q) to Rs 4,814.3 crore, according to Motilal Oswal.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 16.1 percent Y-o-Y (up 47.1 percent Q-o-Q) to Rs 716.8 crore.
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