Just Dial Q2 PAT seen down 20.2% at Rs 31.1 cr: Kotak Sec.

Net Sales are expected to increase by 6 percent Q-o-Q (up 9.1 percent Y-o-Y) to Rs 186.9 crore, according to Kotak Securities.
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Oct 17, 2016, 05.37 PM | Source: Moneycontrol.com

Just Dial Q2 PAT seen down 20.2% at Rs 31.1 cr: Kotak Sec.

Net Sales are expected to increase by 6 percent Q-o-Q (up 9.1 percent Y-o-Y) to Rs 186.9 crore, according to Kotak Securities.

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Just Dial Q2 PAT seen down 20.2% at Rs 31.1 cr: Kotak Sec.

Net Sales are expected to increase by 6 percent Q-o-Q (up 9.1 percent Y-o-Y) to Rs 186.9 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 Internet sector. The brokerage house expects Just Dial to report net profit at Rs 31.1 crore, down 20.2 percent quarter-on-quarter.

Net Sales are expected to increase by 6 percent Q-o-Q (up 9.1 percent Y-o-Y) to Rs 186.9 crore, according to Kotak Securities.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 11.8 percent Q-o-Q (down 17.7 percent Y-o-Y) to Rs 32.7 crore.

Kotak Securities' report on Just Dial

We expect core business growth to remain tepid. We also expect a slowdown in Omni due to sales slowdown.

We expect sequential increase in employee costs due to employee addition.

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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Just Dial Q2 PAT seen down 20.2% at Rs 31.1 cr: Kotak Sec.

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