H.G. Infra Engineering Q1 PAT seen up 15.5% YoY to Rs. 31.2 cr: Reliance Securities

Reliance Securities has come out with its first quarter (April-June’ 19) earnings estimates for the Infrastructure sector. The brokerage house expects H.G. Infra Engineering to report net profit at Rs. 31.2 crore up 15.5% year-on-year (down 15.1% quarter-on-quarter).

Net Sales are expected to increase by 18.8 percent Y-o-Y (down 7.8 percent Q-o-Q) to Rs. 535 crore, according to Reliance Securities.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 19.6 percent Y-o-Y (down 13.9 percent Q-o-Q) to Rs. 80.3 crore.

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