Motilal Oswal has come out with its fourth quarter (January-March’ 19) earnings estimates for the Financials – NBFC sector. The brokerage house expects Cholamandalam Investment & Finance to report net profit at Rs. 307 crore up 2.3% year-on-year (up 0.9% quarter-on-quarter).
Net Sales are expected to increase by 7.1 percent Y-o-Y (up 3.2 percent Q-o-Q) to Rs. 902.1 crore, according to Motilal Oswal.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 23.3 percent Y-o-Y (up 2.5 percent Q-o-Q) to Rs. 573 crore.
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