TTK Prestige Q2 PAT seen up 16.6% YoY to Rs. 50 cr: HDFC Securities

HDFC Securities has come out with its second quarter (July-September’ 18) earnings estimates for the Consumer Durable sector. The brokerage house expects TTK Prestige to report net profit at Rs. 50 crore up 16.6% year-on-year (up 36% quarter-on-quarter).

Net Sales are expected to increase by 13.1 percent Y-o-Y (up 39 percent Q-o-Q) to Rs. 580 crore, according to HDFC Securities.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 14.6 percent Y-o-Y (up 35.9 percent Q-o-Q) to Rs. 80 crore.

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