Moneycontrol
Oct 14, 2016 07:59 PM IST IST | Source: Moneycontrol.com

IRB Infrastructure Q2 PAT seen down 35% at Rs 118 cr: Kotak Sec.

Net Sales are expected to decrease by 12.7 percent Q-o-Q (up 15.3 percent Y-o-Y) to Rs 1325.3 crore, according to Kotak Securities.


Kotak Securities has come out with its second quarter (July-September) earnings estimates for the Infrastructure sector. The brokerage house expects IRB Infrastructure to report net profit at Rs 117.6 crore, down 35.3 percent quarter-on-quarter.


Net Sales are expected to decrease by 12.7 percent Q-o-Q (up 15.3 percent Y-o-Y) to Rs 1325.3 crore, according to Kotak Securities.


Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 7.8 percent Q-o-Q (up 18 percent Y-o-Y) to Rs 713.8 crore.


Kotak Securities' report on IRB Infrastructure


We expect modest growth in construction revenues on stiff base and steady traffic growth. 


Change in mix of revenues to reflect in higher yoy EBITDA margin.

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