has come out with its second quarter (July-September) earnings estimates for the Infrastructure sector. The brokerage house expects Adani Port and SEZ
to report net profit at Rs 701.9 crore, down 16 percent quarter-on-quarter.
Net Sales are expected to increase by 3.7 percent Q-o-Q (up 2.8 percent Y-o-Y) to Rs 1894.5 crore, according to Kotak Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 2.8 percent Q-o-Q (down 0.2 percent Y-o-Y) to Rs 1203 crore.
Kotak Securities' report on Adani Port and SEZ
We build modest yoy volumes growth for Mundra; other ports will support healthy overall volume growth. 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.
We expect EBITDA margin to be modestly down qoq.