Motilal Oswal has released its fourth-quarter (January-March 23) earnings projections for the automobile industry. The brokerage firm anticipates Bharat Forge to report a net profit of Rs. 304.6 crore, an increase of 15.4% year-over-year and 6.5% quarter-over-quarter.
Motilal Oswal forecasts that net sales will increase by 22.2 percent year-over-year (4.8 percent quarter-over-quarter) to Rs. 2,045.6 crore.
Earnings before interest, taxes, depreciation, and amortisation (EBITDA) are anticipated to increase by 22.6% year-over-year (up 7% quarter-over-quarter) to Rs. 527.9 crore.
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