October 14, 2016 / 18:16 IST
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 PortWe 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.
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