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Container Corporation q2pat Seen Up 18% To Rs 211 Cr: Kotak Sec.

Net Sales are expected to increase by 10.1 percent Q-o-Q (down 1.9 percent Y-o-Y) to Rs 1474.1 crore, according to Kotak Securities.

Oct 14, 2016 / 05:27 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 Container Corporation to report net profit at Rs 210.6 crore, up 18 percent quarter-on-quarter.


Net Sales are expected to increase by 10.1 percent Q-o-Q (down 1.9 percent Y-o-Y) to Rs 1474.1 crore, according to Kotak Securities.


Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 15.1 percent Q-o-Q (down 4.7 percent Y-o-Y) to Rs 301.4 crore.


Kotak Securities' report on Container Corporation

We expect 5% volume growth in EXIM and flat domestic volumes yoy. However, lower lead distance (on cargo shift to Gujarat ports) would impact realization per TEU (expect 5-6% drop yoy).


We expect segmental margin to be flat yoy and qoq for both EXIM and domestic

cargo.

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 14, 2016 05:27 pm

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