Q3 FY 2024 Estimate Update based on Sales Nos.:
With Q3-2024 total sales of 7,275 vehicles, FM is expected to report sales of Rs.1442 crore (a rough estimate). With a margin of 10% to 12 % FM is expected to report PAT of Rs.99 crore and Rs.127 crore respectively, alongwith EPS of Rs.76 and Rs.98. The jump in net profit is expected due to reduction in borrowings and expected increase in other income (interest).
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