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Last Updated : Jul 18, 2016 03:12 PM IST | Source: Moneycontrol.com

Welspun Corp Q1 PAT seen up 14% at Rs 26 cr: ICICI Sec

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 Securities

 
 
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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 Securities

Earnings 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 Corp

We 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.

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First Published on Jul 18, 2016 02:59 pm
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