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).
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