Ashoka Buildcon Q4 PAT may dip 11% YoY to Rs. 59 cr: HDFC Securities

A worker folds the cable of a welding machine in front of two office buildings at the Gujarat International Finance Tec-City (GIFT) at Gandhinagar, in the western Indian state of Gujarat, April 10, 2015. India's push to accommodate a booming urban population and attract investment rests in large part with dozens of "smart" cities like the one being built on the dusty banks of the Sabarmati river in western India. Picture taken April 10, 2015. REUTERS/Amit Dave

HDFC Securities has come out with its fourth quarter (Jan-March’ 18) earnings estimates for the Construction sector. The brokerage house expects PNC Infratech to report net profit at Rs. 59 crore down 11% year-on-year (up 12.8% quarter-on-quarter).

Net Sales are expected to increase by 26.3 percent Y-o-Y (up 17 percent Q-o-Q) to Rs. 771 crore, according to HDFC Securities.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 48.2 percent Y-o-Y (up 18.5 percent Q-o-Q) to Rs. 94 crore.

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