IRB Infrastructure Q2 PAT seen down 35% at Rs 118 cr: Kotak Sec.

Net Sales are expected to decrease by 12.7 percent Q-o-Q (up 15.3 percent Y-o-Y) to Rs 1325.3 crore, according to Kotak Securities.
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Oct 14, 2016, 07.59 PM | Source: Moneycontrol.com

IRB Infrastructure Q2 PAT seen down 35% at Rs 118 cr: Kotak Sec.

Net Sales are expected to decrease by 12.7 percent Q-o-Q (up 15.3 percent Y-o-Y) to Rs 1325.3 crore, according to Kotak Securities.

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IRB Infrastructure Q2 PAT seen down 35% at Rs 118 cr: Kotak Sec.

Net Sales are expected to decrease by 12.7 percent Q-o-Q (up 15.3 percent Y-o-Y) to Rs 1325.3 crore, according to Kotak Securities.

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, Kotak Securities |

Kotak Securities has come out with its second quarter (July-September) earnings estimates for the Infrastructure sector. The brokerage house expects IRB Infrastructure to report net profit at Rs 117.6 crore, down 35.3 percent quarter-on-quarter.

Net Sales are expected to decrease by 12.7 percent Q-o-Q (up 15.3 percent Y-o-Y) to Rs 1325.3 crore, according to Kotak Securities.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 7.8 percent Q-o-Q (up 18 percent Y-o-Y) to Rs 713.8 crore.

Kotak Securities' report on IRB Infrastructure

We expect modest growth in construction revenues on stiff base and steady traffic growth. 

Change in mix of revenues to reflect in higher yoy EBITDA margin.

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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IRB Infrastructure Q2 PAT seen down 35% at Rs 118 cr: Kotak Sec.

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