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    HomeNewsBusinessEarningsKajaria Ceramics Q2 PAT seen up 15.6% to Rs 73.3 cr: ICICI Sec.

    Kajaria Ceramics Q2 PAT seen up 15.6% to Rs 73.3 cr: ICICI Sec.

    Revenue is expected to increase by 11.8 percent Q-o-Q (up 8.9 percent Y-o-Y) to Rs 661.8 crore, according to ICICI Securities.

    October 13, 2016 / 17:40 IST

    ICICI Securities has come out with its second quarter (July-September) earnings estimates for the Building Materials sector. The brokerage house expects Kajaria Ceramics to report net profit at Rs 73.3 crore, up 15.6 percent quarter-on-quarter.Revenue is expected to increase by 11.8 percent Q-o-Q (up 8.9 percent Y-o-Y) to Rs 661.8 crore, according to ICICI Securities.

    Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 11.1 percent Q-o-Q (up 20.1 percent Y-o-Y) to Rs 139.8 crore.

    ICICI Securities' report on Kajaria CeramicsSales volume is expected to grow 9.0% YoY to 17.6 MSM on the back of an anticipated recovery in demand. Further, anti-dumping duty imposition would help curb imports to a certain extent, which is beneficial for the company. Consequently, we expect revenues to grow at a pace of 8.9% YoY to Rs 661.8 crore. We expect EBITDA margins to expand 190 bps YoY to 21.1% due to savings in power & fuel cost on account of falling RLNG prices. Hence, we anticipate the bottomline will grow robustly by 26.7% YoY to Rs 73.3 croreDisclaimer: 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.

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    first published: Oct 13, 2016 05:40 pm

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