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Last Updated : Oct 12, 2016 03:45 PM IST | Source: Moneycontrol.com

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.

 
 
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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 Industries

We 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.

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First Published on Oct 12, 2016 02:33 pm
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