Motilal Oswal has come out with its third quarter (October - December’ 24) earnings estimates for the AUTOMOBILES sector. The brokerage house expects TVS Motor to report net profit at Rs 547 crore up 55.1% year-on-year (up 2% quarter-on-quarter).
Net Sales are expected to increase by 26.2 percent Y-o-Y (up 1.4 percent Q-o-Q) to Rs 8,261.8 crore, according to Motilal Oswal.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 43.6 percent Y-o-Y (up 5.2 percent Q-o-Q) to Rs 946.4 crore.
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