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Gujarat Pipavav Port Q2 PAT seen up 6% to Rs 63.3 cr: Kotak Sec.

Net Sales are expected to increase by 7.1 percent Q-o-Q (up 20.1 percent Y-o-Y) to Rs 179 crore, according to Kotak Securities.
Oct 14, 2016 / 06:16 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 Gujarat Pipavav Port to report net profit at Rs 63.3 crore, up 5.9 percent quarter-on-quarter.


Net Sales are expected to increase by 7.1 percent Q-o-Q (up 20.1 percent Y-o-Y) to Rs 179 crore, according to Kotak Securities.


Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 7.2 percent Q-o-Q (up 40.5 percent Y-o-Y) to Rs 107.4 crore.


Kotak Securities' report on Gujarat Pipavav Port

We expect recent additions of shipping services and uptick in fertilizer imports to support 7% sequential increase in revenues; yoy numbers non comparable due to low base.


We estimate EBITDA margin at the lower end of the 60-65% band shared by the

management, below the 62% average of the past two quarters.

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 06:16 pm

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