Kewal Kiran Q3 PAT seen up 38.3% YoY to Rs. 14.4 cr: ICICI Direct

ICICI Direct has come out with its third quarter (October-December’ 18) earnings estimates for the Apparel sector. The brokerage house expects Kewal Kiran to report net profit at Rs. 14.4 crore up 38.3% year-on-year (down 57.2% quarter-on-quarter).

Net Sales are expected to increase by 13.2 percent Y-o-Y (down 29.8 percent Q-o-Q) to Rs. 106.9 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 34.4 percent Y-o-Y (down 55.8 percent Q-o-Q) to Rs. 21.2 crore.

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