Titagarh Wagons Q1 PAT seen down 164% at Rs 13 cr: ICICI Sec

ICICI Securities has come out with its first quarter (April-June) earnings estimates for the Capital Goods sector. The brokerage house expects Titagarh Wagons to report a 164 percent degrowth quarter-on-quarter (growth of 221.1 percent year-on-year) in net profit at Rs 12.9 crore.Sales are expected to decrease by 1.9 percent Q-o-Q (up 86.3 percent Y-o-Y) to Rs 310.5 crore, according to ICICI Securities.Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 1.3 percent Q-o-Q (up 115.8 percent Y-o-Y) to Rs 230 crore.ICICI Securities's report on Titagarh WagonsWe estimate sales to be Rs 3.1bn, up 86 percent Y-o-Y. The company to benefit from additional sales from its Firema acquisition.EBITDA margin to increase by 102bps Y-o-Y to 7.4 percent.PAT to be at Rs 129mn, up 221 percent Y-o-Y.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.