Moneycontrol
Last Updated : Oct 12, 2016 03:58 PM IST | Source: Moneycontrol.com

Minda Corporation Q2 PAT seen up 24.3% to Rs 30.9 cr: Kotak Sec.

Net Sales are expected to increase by 10.2 percent Q-o-Q (up 24.3 percent Y-o-Y) to Rs 766 crore, according to Kotak Securities.

 
 
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Kotak Securities has come out with its second quarter (July-September) earnings estimates for the automobiles sector. The brokerage house expects Minda Corp. to report net profit at Rs 30.9 crore, up 24.3 percent quarter-on-quarter.


Net Sales are expected to increase by 10.2 percent Q-o-Q (up 24.3 percent Y-o-Y) to Rs 766 crore, according to Kotak Securities.


Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 22.6 percent Q-o-Q (up 22.5 percent Y-o-Y) to Rs 71.7 crore.

Kotak Securities' report on Minda Corporation

We expect consolidated revenues to grow by 24% yoy, led by strong growth in standalone business and impact of consolidation of Minda Stoneridge and Panalfa financials.

We expect EBITDA margin to improve by 90 bps qoq due to (1) operating leverage benefits and (2) some improvement in the profitability of Minda Furukawa JV.

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 on Oct 12, 2016 03:28 pm
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