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Ashoka Buildcon Q2 PAT seen down 6.1% at Rs 28.9 cr: Kotak Sec.

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

October 14, 2016 / 06:14 PM IST
 
 
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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.

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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