IFB Industries Q2 PAT seen up 16% to Rs 17.3 cr: Centrum

Net Sales are expected to increase by 7.9 percent Q-o-Q (up 22.5 percent Y-o-Y) to Rs 450.7 crore, according to Centrum.
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Oct 18, 2016, 11.31 AM | Source: Moneycontrol.com

IFB Industries Q2 PAT seen up 16% to Rs 17.3 cr: Centrum

Net Sales are expected to increase by 7.9 percent Q-o-Q (up 22.5 percent Y-o-Y) to Rs 450.7 crore, according to Centrum.

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IFB Industries Q2 PAT seen up 16% to Rs 17.3 cr: Centrum

Net Sales are expected to increase by 7.9 percent Q-o-Q (up 22.5 percent Y-o-Y) to Rs 450.7 crore, according to Centrum.

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Centrum Broking (more)

, Centrum Broking |

Centrum has come out with its second quarter (July-September) earnings estimates for the Consumer sector. The brokerage house expects IFB Industries  to report net profit at Rs 17.3 crore, up 16 percent quarter-on-quarter.

Net Sales are expected to increase by 7.9 percent Q-o-Q (up 22.5 percent Y-o-Y) to Rs 450.7 crore, according to Centrum.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 20.2 percent Q-o-Q (up 38.2 percent Y-o-Y) to Rs 30 crore.
Centrum's report on IFB Industries

We expect operating profit to increase by 38% to Rs300mn and margins to expand 76bps YoY to 6.6% on higher topline growth.

Adjusted PAT is also expected to increase by robust 86% at Rs173mn on the back of healthy increase in operating profits.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

To read the full report click here

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IFB Industries Q2 PAT seen up 16% to Rs 17.3 cr: Centrum

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