Vardhman Textiles Q2 PAT may dip 35.5% YoY to Rs. 126.7 cr: Kotak

Kotak has come out with its second quarter (July-September’ 19) earnings estimates for the Consumer Durables sector. The brokerage house expects Vardhman Textiles to report net profit at Rs. 126.7 crore down 35.5% year-on-year (up 9.1% quarter-on-quarter).

Net Sales are expected to decrease by 3 percent Y-o-Y (down 1 percent Q-o-Q) to Rs. 1,634.5 crore, according to Kotak.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 30.5 percent Y-o-Y (down 8.2 percent Q-o-Q) to Rs. 230 crore.

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