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.
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