Voltas Q1 PAT seen up 2% at Rs 80 cr: KR Choksey
KR Choksey expects Voltas to report a 873 percent growth quarter-on-quarter (rise of 2 percent year-on-year) in net profit at Rs 80 crore.
August 12, 2013 / 17:57 IST
KR Choksey has come out with its first quarter (April-June) earnings estimates for the infrastructure sector. The brokerage house expects Voltas to report a 873 percent growth quarter-on-quarter (rise of 2 percent year-on-year) in net profit at Rs 80 crore.
Revenues are expected to increase by 51 percent Q-o-Q (unchanged Y-o-Y) to Rs 1,615 crore, according to KR Choksey.Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 12 percent Q-o-Q (down 1 percent Y-o-Y) to Rs 93 crore.EBITDA margin or operating profit margin is likely to be at 6 percent in June quarter as against 8 percent in March quarter and 6 percent in a year ago period.KR Choksey report on VoltasEMP & UCP segment will drive revenue flat.Expected to be impacted by high raw material prices.Expected to be impacted by high raw material prices.Flat net margins due low other income. 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!
