Safari Industries Q2 PAT seen up 70.8% YoY to Rs. 18.1 cr: Prabhudas Lilladher

Safari Industries (India): Investcorp Private Equity Fund II holds 5.55% stake in Safari Industries. Investcorp Private Equity Fund II held 5.55% stake in the company after conversion of 13.15 lakh compulsory convertible debentures into similar number of equity shares. The conversion of debentures into equity took place on August 30.

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Prabhudas Lilladher has come out with its second quarter (July-September’ 22) earnings estimates for the Travel and Tourism sector. The brokerage house expects Safari Industries to report net profit at Rs. 18.1 crore up 70.8% year-on-year (down 31.8% quarter-on-quarter).

Net Sales are expected to increase by 35 percent Y-o-Y (down 13.2 percent Q-o-Q) to Rs. 254.6 crore, according to Prabhudas Lilladher.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 69.2 percent Y-o-Y (down 26.7 percent Q-o-Q) to Rs. 306 crore.

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