Oct 18, 2016 11:54 AM IST IST | Source: Moneycontrol.com

Mirza International Q2 PAT seen up 4.3% to Rs 20.9 cr: Centrum

Net Sales are expected to increase by 7.1 percent Q-o-Q (up 5.8 percent Y-o-Y) to Rs 270.2 crore, according to Centrum.

Centrum has come out with its second quarter (July-September) earnings estimates for the Consumer sector. The brokerage house expects Mirza International to report net profit at Rs 20.9 crore, up 4.3 percent quarter-on-quarter.

Net Sales are expected to increase by 7.1 percent Q-o-Q (up 5.8 percent Y-o-Y) to Rs 270.2 crore, according to Centrum.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 4.2 percent Q-o-Q (up 11.9 percent Y-o-Y) to Rs 45.7 crore.

Centrum's report on Mirza International

We expect sales to increase by 6% led by domestic business which continue to grow at a healthy pace, while exports remains sluggish.

Operating profit is expected to grow by 12% to Rs457mn and operating margin would expand 93bps YoY to 16.9%. Adjusted PAT should grow by 30% to Rs209mn, predominantly on consolidation of Genesis.

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