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 crore
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