Motilal Oswal has come out with its first quarter (April-June) earnings estimates for the auto sector. The brokerage house expects TVS Motor to report a 11.8 percent growth quarter-on-quarter (growth of 45.8 percent year-on-year) in net profit at Rs 131.6 crore.
Sales are expected to increase by 10 percent Q-o-Q (up 18.1 percent Y-o-Y) to Rs 3095.8 crore, according to Motilal Oswal. Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 26.2 percent Q-o-Q (up 37.7 percent Y-o-Y) to Rs 225.3 crore.
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