CIE Automotive Q4 PAT may dip 14.7% YoY to Rs 187.8 cr: Motilal Oswal

About this update from Cie Automotive India Ltd

Motilal Oswal has come out with its fourth quarter (January - March’ 24) earnings estimates for the Automobiles sector. The brokerage house expects CIE Automotive to report net profit at Rs 187.8 crore down 14.7% year-on-year (up 6.1% quarter-on-quarter).Net Sales are expected to decrease by 3.2 percent Y-o-Y (up 5.4 percent Q-o-Q) to Rs 2,362.3 crore, according to Motilal Oswal.Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 7.3 percent Y-o-Y (up 7.8 percent Q-o-Q) to Rs 352.9 crore.Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.Motilal_Auto

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