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    HomeNewsBusinessEarningsGreenply Industries Q2 PAT seen up 7.6% to Rs 37 cr: ICICI Sec.

    Greenply Industries Q2 PAT seen up 7.6% to Rs 37 cr: ICICI Sec.

    Revenue is expected to increase by 3.8 percent Q-o-Q (up 7.5 percent Y-o-Y) to Rs 430.7 crore, according to ICICI Securities.

    October 13, 2016 / 17:41 IST
       
       
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      ICICI Securities has come out with its second quarter (July-September) earnings estimates for the Building Materials sector. The brokerage house expects Greenply Industries to report net profit at Rs 36.7 crore, up 7.6 percent quarter-on-quarter.Revenue is expected to increase by 3.8 percent Q-o-Q (up 7.5 percent Y-o-Y) to Rs 430.7 crore, according to ICICI Securities.
      Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 8 percent Q-o-Q (up 18.1 percent Y-o-Y) to Rs 66.8 crore.

      ICICI Securities' report on Greenply IndustriesWe expect revenues to grow 7.5% YoY to Rs 430.7 crore led by 13.1% YoY growth in MDF revenues to Rs 127.9 crore while plywood revenues are expected to grow moderately at 5.2% YoY to Rs 302.8 crore. The EBITDA margin is expected to improve 140 bps YoY to 15.5% on account of higher proportion of revenues from high margin MDF division (29.7% in Q2FY17 vs. 28.2% in Q2FY16) and higher capacity utilisation. Consequently, we expect its bottomline to grow robustly by 34.8% YoY to Rs 36.8 croreDisclaimer: 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.

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      first published: Oct 13, 2016 05:41 pm

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