Kewal Kiran Q1 PAT seen up 27.8% YoY to Rs. 10.5 cr: ICICI Direct

ICICI Direct has come out with its first quarter (April-June’ 18) earnings estimates for the Apparel sector. The brokerage house expects Kewal Kiran to report net profit at Rs. 10.5 crore up 27.8% year-on-year (down 46% quarter-on-quarter).

Net Sales are expected to increase by 9.6 percent Y-o-Y (down 28.4 percent Q-o-Q) to Rs. 85.9 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 55 percent Y-o-Y (down 57 percent Q-o-Q) to Rs. 11.3 crore.

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