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HomeNewsBusinessEarningsMayur Uniquoters Q2 PAT seen up 0.5% to Rs 23.6 cr: Centrum

Mayur Uniquoters Q2 PAT seen up 0.5% to Rs 23.6 cr: Centrum

Net Sales are expected to increase by 1 percent Q-o-Q (down 3 percent Y-o-Y) to Rs 131.6 crore, according to Centrum.

October 17, 2016 / 18:39 IST
     
     
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    Centrum has come out with its second quarter (July-September) earnings estimates for the Automobiles sector. The brokerage house expects Mayur Uniquoters to report net profit at Rs 23.6 crore, up 0.5 percent quarter-on-quarter.

    Net Sales are expected to increase by 1 percent Q-o-Q (down 3 percent Y-o-Y) to Rs 131.6 crore, according to Centrum.

    Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 1.5 percent Q-o-Q (up 20.8 percent Y-o-Y) to Rs 39.3 crore.

    Centrum's report on Mayur UniquotersWe expect EBITDA Margin at 29.8%, up 590bps YoY (flat QoQ) driven by the continued traction in high margin exports.

    We expect the company to report adjusted PAT of Rs236mn. We continue to maintain a Hold rating with TP of Rs425 (based on 18x March’18E EPS).
    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.
    first published: Oct 17, 2016 06:39 pm

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