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    HomeNewsBusinessEarningsMirza International Q2 PAT seen up 4.3% to Rs 20.9 cr: Centrum

    Mirza International Q2 PAT seen up 4.3% to Rs 20.9 cr: Centrum

    Net Sales are expected to increase by 7.1 percent Q-o-Q (up 5.8 percent Y-o-Y) to Rs 270.2 crore, according to Centrum.

    October 18, 2016 / 11:54 IST

    Centrum has come out with its second quarter (July-September) earnings estimates for the Consumer sector. The brokerage house expects Mirza International to report net profit at Rs 20.9 crore, up 4.3 percent quarter-on-quarter.

    Net Sales are expected to increase by 7.1 percent Q-o-Q (up 5.8 percent Y-o-Y) to Rs 270.2 crore, according to Centrum.
    Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 4.2 percent Q-o-Q (up 11.9 percent Y-o-Y) to Rs 45.7 crore.

    Centrum's report on Mirza InternationalWe expect sales to increase by 6% led by domestic business which continue to grow at a healthy pace, while exports remains sluggish.Operating profit is expected to grow by 12% to Rs457mn and operating margin would expand 93bps YoY to 16.9%. Adjusted PAT should grow by 30% to Rs209mn, predominantly on consolidation of Genesis.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.

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    first published: Oct 18, 2016 11:54 am

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