Moneycontrol
Oct 17, 2016 06:29 PM IST | Source: Moneycontrol.com

FIEM Industries Q2 PAT seen up 29.4% to Rs 14.8 cr: Centrum

Net Sales are expected to increase by 15 percent Q-o-Q (up 18.4 percent Y-o-Y) to Rs 277.7 crore, according to Centrum.

 
 
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Centrum has come out with its second quarter (July-September) earnings estimates for the Automobiles sector. The brokerage house expects FIEM Industries to report net profit at Rs 14.8 crore, up 29.4 percent quarter-on-quarter.


Net Sales are expected to increase by 15 percent Q-o-Q (up 18.4 percent Y-o-Y) to Rs 277.7 crore, according to Centrum.


Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 15.3 percent Q-o-Q (up 23 percent Y-o-Y) to Rs 36 crore.


Centrum's report on FIEM Industries

We expect FIEM to register revenues of Rs2,777mn, up 18% YoY/ +15% QoQ on the back of robust volume growth by key automotive clients like Honda 2Ws and TVS Motors.


We expect FIEM’s net profit to grow 18% YoY to Rs148mn in Q2FY17E.

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