October 13, 2016 / 17:41 IST
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 crore
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