October 14, 2016 / 18:26 IST
Kotak Securities' has come out with its second quarter (July-September) earnings estimates for the Infrastructure sector. The brokerage house expects
Sadbhav Engineering to report net profit at Rs 32.5 crore, down 33.2 percent quarter-on-quarter.
Net Sales are expected to decrease by 11.5 percent Q-o-Q (down 4.3 percent Y-o-Y) to Rs 713.9 crore, according to Kotak Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 16.1 percent Q-o-Q (down 9.8 percent Y-o-Y) to Rs 72.8 crore.
Kotak Securities' report on Sadbhav EngineeringWe expect modest yoy decline in revenues on depleted BOT backlog, partly compensated by the start of execution of recently-won EPC project wins.
We expect weak margin in 2QFY17 based on stated target of closing low-margin
irrigation jobs.
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