Oct 17, 2016 05:37 PM IST IST | Source: Moneycontrol.com

Just Dial Q2 PAT seen down 20.2% at Rs 31.1 cr: Kotak Sec.

Net Sales are expected to increase by 6 percent Q-o-Q (up 9.1 percent Y-o-Y) to Rs 186.9 crore, according to Kotak Securities.

Kotak Securities has come out with its second quarter (July-September) earnings estimates for the Internet sector. The brokerage house expects Just Dial to report net profit at Rs 31.1 crore, down 20.2 percent quarter-on-quarter.

Net Sales are expected to increase by 6 percent Q-o-Q (up 9.1 percent Y-o-Y) to Rs 186.9 crore, according to Kotak Securities.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 11.8 percent Q-o-Q (down 17.7 percent Y-o-Y) to Rs 32.7 crore.

Kotak Securities' report on Just Dial

We expect core business growth to remain tepid. We also expect a slowdown in Omni due to sales slowdown.

We expect sequential increase in employee costs due to employee addition.

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