October 14, 2016 / 19:59 IST
Kotak Securities has come out with its second quarter (July-September) earnings estimates for the Infrastructure sector. The brokerage house expects
IRB Infrastructure to report net profit at Rs 117.6 crore, down 35.3 percent quarter-on-quarter.
Net Sales are expected to decrease by 12.7 percent Q-o-Q (up 15.3 percent Y-o-Y) to Rs 1325.3 crore, according to Kotak Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 7.8 percent Q-o-Q (up 18 percent Y-o-Y) to Rs 713.8 crore.
Kotak Securities' report on IRB InfrastructureWe expect modest growth in construction revenues on stiff base and steady traffic growth.
Change in mix of revenues to reflect in higher yoy EBITDA margin.
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