Hindustan Dorr-Oliver Q3 PAT seen up 16% at Rs 17 cr
Hindustan Dorr-Oliver, a subsidiary of IVRCL Infrastructures and Projects, is set to report a profit after tax of Rs 17 crore for the quarter ended December, up 16% as compared to Rs 14 crore in same quarter the previous year, according to CNBC-TV18 estimates.
February 12, 2011 / 16:33 IST
Hindustan Dorr-Oliver, a subsidiary of IVRCL Infrastructures and Projects, is set to report a profit after tax of Rs 17 crore for the quarter ended December, up 16% as compared to Rs 14 crore in same quarter the previous year, according to CNBC-TV18 estimates.
Net sales are seen going up by 29% at Rs 270 crore from Rs 209 crore (YoY).Earning before interest, tax, depreciation and amortisation (EBITDA) is expected to go up by 16% at Rs 31 crore from Rs 26 crore. However, EBITDA margin is seen declining at 11% versus 13% (YoY).The company has been an underperformer in the engineering universe in FY11, due to the order backlog remaining stagnant for some time. Profit is expected to be moderate in FY11. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
