ICICI Securities has come out with its first quarter (April-June) earnings estimates for the Capital Goods sector. The brokerage house expects Voltas to report a 24.1 percent degrowth quarter-on-quarter (growth of 21.1 percent year-on-year) in net profit at Rs 133.8 crore.Sales are expected to increase by 0.3 percent Q-o-Q (down 18.5 percent Y-o-Y) to Rs 1894.7 crore, according to ICICI Securities.Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 1.4 percent Q-o-Q (up 39.4 percent Y-o-Y) to Rs 182.6 crore.ICICI Securities's report on VoltasWe estimate sales to grow by 18.4 percent Y-o-Y to Rs 18.9bn and EBITDA margin to increase by 144bps to 9.6 percent. We estimate revenues of the EMP business to be up 17 percent Y-o-Y to Rs 6.5bn with EBIT margin of 3 percent, up 166bps Y-o-Y. We estimate revenues of the EPS segment to increase by 14 percent Y-o-Y with EBIT margin at 30 percent (down 417bps Y-o-Y). We estimate revenues of the UCP segment to grow by 20 percent Y-o-Y with EBIT margin at 14 percent (up 208bps 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.
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!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.