October 17, 2016 / 18:34 IST
Centrum has come out with its second quarter (July-September) earnings estimates for the Automobiles sector. The brokerage house expects
TVS Srichakra to report net profit at Rs 50 crore, up 7.6 percent quarter-on-quarter.
Net Sales are expected to increase by 11.2 percent Q-o-Q (up 9 percent Y-o-Y) to Rs 569.4 crore, according to Centrum.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 8.5 percent Q-o-Q (up 7.9 percent Y-o-Y) to Rs 88.6 crore.
Centrum's report on TVS Srichakra
We expect the company to report EBITDA margins of 15.6% during the quarter.
We expect the company to post a net profit of Rs 500mn.
We continue to maintain our BUY rating on the stock with TP of Rs3,350 (based on its historical adjusted cash flow/EV yield).
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