ICICI Securities has come out with its first quarter (April-June) earnings estimates for the Capital Goods sector. The brokerage house expects Welspun Corp to report a 14.4 percent growth quarter-on-quarter (growth of 60.8 percent year-on-year) in net profit at Rs 26.4 crore.Sales are expected to increase by 3.2 percent Q-o-Q (down 2.3 percent Y-o-Y) to Rs 1900 crore, according to ICICI SecuritiesEarnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 3 percent Q-o-Q (down 17.4 percent Y-o-Y) to Rs 161.5 crore.ICICI Securities's report on Welspun CorpWe estimate sales to be Rs 19bn, down 2 percent Y-o-Y due to 1 percent decline expected in sales volumes. EBITDA margin to decline by 156bps Y-o-Y to 8.5 percent.PAT to be at Rs 264mn, up 61 percent 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.
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