Take a look at the most profitable automotive brands

A recent study of EBITDA (Earnings before interest, tax, depreciation and amortization) of top automakers was released by a German magazine. Here is a list of most profitable automotive brands based on the EBITDA % per unit.

Ferrari emerges on top with EBITDA of 18% which roughly translates into profit of 56,000 euros (around INR 42.57 lakhs) for every car sold. Please note that factoring in taxes, interests, depreciating, amortization would lead to a much lower figure but EBITDA can be taken as a general measure of a company’s current operational performance.

Porshe with an EBITDA percentage of 16.7% comes second but considering that the average vehicle price is much less than Ferrari, the percentage translates into profit of 15,641 euros (around INR 11.89 lakhs).

Thanks to lower wages in Czech Republic compared to Germany, Skoda manages to outshine its parent company to take the third spot with a percentage of 9.6% which leads earning of 1,589 euros (around INR 1.20 lakhs) for every Skoda sold.

BMW is placed 4th with 9.5% (3387 euros or INR 2.57 lakhs per unit) while Audi rounds off top 5 with 8.8% (3,337 euros or INR 2.53 lakhs). VW may have outsold Toyota in the first half of 2016 but the German automaker’s EBITDA percentage of 1.7 is no match to its Japanese rival’s 8.0.

Full List of who earned what-

	% EBIT	EURO	INR
Ferrari	18	56,000	42,57,680
Porsche	16.7	15,641	11,89,185
Skoda	9.6	1,589	1,20,811
BMW	9.5	3,389	2,57,665
Audi	8.8	3,337	2,53,712
Ford	8.7	1,652	1,25,601
GM	8.6	1,912	1,45,369
Toyota	8	NA	NA
Mercedes Benz	7.9	3,192	2,42,687
Jaguar Land Rover	NA	4,068	3,09,290
Fiat Chrysler	5.9	1,330	1,01,119
Volvo	NA	2,340	1,77,910
Peugeot-Citroen	6.8	844	64,169
Hyundai Kia	6	773	58,771
Nissan	4.7	2,088	1,58,750
Renault	4.7	715	54,361
Volkswagen	1.7	395	30,032

This article first appeared on Rushlane.com