Kotak Securities has come out with its first quarter (April-June) earnings estimates for the construction and real estate sector. The brokerage house expects BGR Energy to report a 59.6 percent degrowth quarter-on-quarter (decline of 35 percent year-on-year) in net profit at Rs 21.7 crore.
Revenues are expected to decrease by 30.7 percent Q-o-Q (up 20.6 percent Y-o-Y) to Rs 736.6 crore, according to Kotak Securities. EBITDA margin or operating profit margin is likely to be at 11.5 percent in June quarter as against 13 percent in March quarter and 14.4 percent in a year ago period.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!
