Moneycontrol
Oct 18, 2016 12:11 PM IST | Source: Moneycontrol.com

Swaraj Engines Q2 PAT seen down 1.3% to Rs 18.7 cr: Centrum

Net Sales are expected to decrease by 0.9 percent Q-o-Q (up 11.1 percent Y-o-Y) to Rs 169.4 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 Swaraj Engines to report net profit at Rs 18.7 crore, down 1.3 percent quarter-on-quarter.


Net Sales are expected to decrease by 0.9 percent Q-o-Q (up 11.1 percent Y-o-Y) to Rs 169.4 crore, according to Centrum.


Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 3.9 percent Q-o-Q (up 20.1 percent Y-o-Y) to Rs 27.3 crore.


Centrum's report on Swaraj Engines

We expect the company to register EBITDA margins of 16% as it gets the benefit of strong operating leverage.


We expect recurring PAT of Rs187mn, up 20% YoY (-1% QoQ). We continue to maintain a Hold rating with TP of Rs1,040 (based on 15x March’18E EPS).

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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