Voltas Q1 PAT seen down 13% at Rs 68 cr: Emkay
Emkay Equity Advisory expects Voltas to report a 6.1 percent degrowth quarter-on-quarter (fall of 13.1 percent year-on-year) in net profit at Rs 67.8 crore.
August 12, 2013 / 18:06 IST
Emkay Equity Advisory has come out with its first quarter (April-June) earnings estimates for the engineering and capital goods sector. The brokerage house expects Voltas to report a 6.1 percent degrowth quarter-on-quarter (fall of 13.1 percent year-on-year) in net profit at Rs 67.8 crore.
Revenues are expected to increase by 6.3 percent Q-o-Q (growth of 5 percent year on year) to Rs 1,697 crore, according to Emkay Equity Advisory.Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 9.8 percent Q-o-Q (down 2.9 percent Y-o-Y) to Rs 91.2 crore.EBITDA margin or operating profit margin is likely to be at 5.4 percent in June quarter as against 5.2 percent in March quarter and 5.8 percent in a year ago period.Emkay Equity Advisory report on VoltasExpect 13 percent Y-o-Y decline in net profit led by (1) Subdued revenue growth at 5 percent Y-o-Y to Rs 17.0 billion, led by 11 percent Y-o-Y fall in EMP segment to Rs 6.6 billion. Strong growth in UCP segment at 22 percent led by strong demand in room air-conditioners after 2 years of decline in demand (2) Fall in EBITDA margins restricted to 40 bps Y-o-Y-owing to higher revenue contribution from UCP segment (3) 13 percent Y-o-Y fall in net profit to Rs 678 million.Sidra project update, outlook for order inflows and Rohini Electricals will be key monitorable. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
