Moneycontrol
Oct 17, 2016 06:13 PM IST IST | Source: Moneycontrol.com

Atul Auto Q2 PAT seen up 142.5% to Rs 12.1 cr: Centrum

Net Sales are expected to increase by 56.2 percent Q-o-Q (up 1.8 percent Y-o-Y) to Rs 144.4 crore, according to Centrum.


Centrum has come out with its second quarter (July-September) earnings estimates for the Automobiles sector. The brokerage house expects Atul Auto to report net profit at Rs 12.1 crore, up 142.5 percent quarter-on-quarter.


Net Sales are expected to increase by 56.2 percent Q-o-Q (up 1.8 percent Y-o-Y) to Rs 144.4 crore, according to Centrum.


Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 119.1 percent Q-o-Q (down 12.9 percent Y-o-Y) to Rs 19.1 crore.


Centrum's report on Atul Auto


During the quarter overall volumes stood at 11,761 units down 1% YoY and up 55% QoQ. We expect revenues of Rs1,444mn, up 2% YoY/ 56% QoQ. 


We expect the margins improve by 380bps QoQ (13.2%) on the back of volume recovery, however YoY margins are expected to be still down c. 220bps. We expect PAT of Rs121mn, down 10% YoY and up 142% QoQ.

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