Kewal Kiran Q1 PAT seen up 10.4% YoY to Rs. 15.4 cr: ICICI Direct

ICICI Direct has come out with its first quarter (April-June’ 19) earnings estimates for the Apparel sector. The brokerage house expects Kewal Kiran to report net profit at Rs. 15.4 crore up 10.4% year-on-year (down 23.7% quarter-on-quarter).

Net Sales are expected to increase by 7.7 percent Y-o-Y (down 14.3 percent Q-o-Q) to Rs. 114 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 3.5 percent Y-o-Y (down 24.5 percent Q-o-Q) to Rs. 20.8 crore.

Disclaimer: 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.