TVS Srichakra Q2 PAT seen up 7.6% to Rs 50 cr: Centrum

Net Sales are expected to increase by 11.2 percent Q-o-Q (up 9 percent Y-o-Y) to Rs 569.4 crore, according to Centrum.
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Oct 17, 2016, 06.34 PM | Source: Moneycontrol.com

TVS Srichakra Q2 PAT seen up 7.6% to Rs 50 cr: Centrum

Net Sales are expected to increase by 11.2 percent Q-o-Q (up 9 percent Y-o-Y) to Rs 569.4 crore, according to Centrum.

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TVS Srichakra Q2 PAT seen up 7.6% to Rs 50 cr: Centrum

Net Sales are expected to increase by 11.2 percent Q-o-Q (up 9 percent Y-o-Y) to Rs 569.4 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 Automobiles sector. The brokerage house expects TVS Srichakra  to report net profit at Rs 50 crore, up 7.6 percent quarter-on-quarter.

Net Sales are expected to increase by 11.2 percent Q-o-Q (up 9 percent Y-o-Y) to Rs 569.4 crore, according to Centrum.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 8.5 percent Q-o-Q (up 7.9 percent Y-o-Y) to Rs 88.6 crore.

Centrum's report on TVS Srichakra

We expect the company to report EBITDA margins of 15.6% during the quarter.

We expect the company to post a net profit of Rs 500mn.

We continue to maintain our BUY rating on the stock with TP of Rs3,350 (based on its historical adjusted cash flow/EV yield).

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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TVS Srichakra Q2 PAT seen up 7.6% to Rs 50 cr: Centrum

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