ICICI Securities has come out with its fourth quarter (January-March) earnings estimates for the Auto & Auto Ancillaries sector. The brokerage house expects TVS Motors to report net profit at 127 crore down 4.2% quarter-on-quarter.
Net Sales are expected to decrease by 3.6 percent Q-o-Q (up 2.1 percent Y-o-Y) to Rs 2875 crore, according to ICICI Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 3.3 percent Q-o-Q (up 18.3 percent Y-o-Y) to Rs 211.2 crore.
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