October 18, 2016 / 11:31 IST
Centrum has come out with its second quarter (July-September) earnings estimates for the Consumer sector. The brokerage house expects
IFB Industries to report net profit at Rs 17.3 crore, up 16 percent quarter-on-quarter.
Net Sales are expected to increase by 7.9 percent Q-o-Q (up 22.5 percent Y-o-Y) to Rs 450.7 crore, according to Centrum.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 20.2 percent Q-o-Q (up 38.2 percent Y-o-Y) to Rs 30 crore.
Centrum's report on IFB IndustriesWe expect operating profit to increase by 38% to Rs300mn and margins to expand 76bps YoY to 6.6% on higher topline growth.Adjusted PAT is also expected to increase by robust 86% at Rs173mn on the back of healthy increase in operating profits.
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