February 29, 2024

Motilal Oswal has come out with its third quarter (October – December’ 24) earnings estimates for the AUTOMOBILES sector. The brokerage home expects TVS Motor to report web revenue at Rs 547 crore up 55.1% year-on-year (up 2% quarter-on-quarter).

Web Gross sales are anticipated to extend by 26.2 p.c Y-o-Y (up 1.4 p.c Q-o-Q) to Rs 8,261.8 crore, based on Motilal Oswal.

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Earnings earlier than curiosity, tax, depreciation and amortisation (EBITDA) are more likely to rise by 43.6 p.c Y-o-Y (up 5.2 p.c Q-o-Q) to Rs 946.4 crore.

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