Balkrishna Inds. Q2 PAT seen down 14% at Rs 128.1 cr: Kotak Sec.

Net Sales are expected to decrease by 5 percent Q-o-Q (up 12 percent Y-o-Y) to Rs 881.3 crore, according to Kotak Securities.

October 12, 2016 / 15:45 IST

live

bselive
nselive

Volume

Todays L/H

Kotak Securities has come out with its second quarter (July-September) earnings estimates for the automobiles sector. The brokerage house expects Balkrishna Industries to report net profit at Rs 128.1 crore, down 14.1 percent quarter-on-quarter.

Net Sales are expected to decrease by 5 percent Q-o-Q (up 12 percent Y-o-Y) to Rs 881.3 crore, according to Kotak Securities.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 9.2 percent Q-o-Q (down 2.6 percent Y-o-Y) to Rs 236 crore.

Kotak Securities' report on Balkrishna IndustriesWe expect volume growth to recover to 12% yoy. We expect EBITDA margin to drop 400 bps yoy and 125 bps qoq, mainly on account of higher input costs.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.

first published: Oct 12, 2016 02:33 pm

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!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347