Auto Q2 preview: Double-digit PAT to decline for 6th quarter! This stock to more than double its loss
Updated : October 15, 2019 04:29 PM IST
The September-quarter is expected to be one of the worst quarters for auto sector in a decade with pressure across segments, said Motilal Oswal.
Auto Universe’s PAT is expected to decline 37 percent YoY in 2QFY20 off a weak base – a sixth consecutive quarter of double-digit PAT decline, the report quoted.
Loss of Tata Motors is expected to further fall 164 percent to Rs 1,480 crore versus Rs 559 crore YoY.
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morning
YOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more