Net Sales are expected to decrease by 9.3 percent Q-o-Q (down 9.2 percent Y-o-Y) to Rs 424.5 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 Ashoka Buildcon to report net profit at Rs 28.9 crore, down 6.1 percent quarter-on-quarter.
Net Sales are expected to decrease by 9.3 percent Q-o-Q (down 9.2 percent Y-o-Y) to Rs 424.5 crore, according to Kotak Securities.
Net Sales are expected to decrease by 9.3 percent Q-o-Q (down 9.2 percent Y-o-Y) to Rs 424.5 crore, according to Kotak Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 21.6 percent Q-o-Q (down 28.4 percent Y-o-Y) to Rs 46.7 crore.
Kotak Securities' report on Ashoka Buildcon
We estimate modest revenue growth on a yoy basis (adjusted for land-sale income booked in the base) driven by start of new projects.
We expect high share of T&D segment in the revenue mix to lead to weak EBITDA margin in 2QFY17.
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Read MoreFirst Published on Oct 14, 2016 05:00 pm
