Westlife Development Q1 PAT seen down 54.4% to Rs 1.9 cr: Axis

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Axis Securities has come out with its first quarter (April-June) earnings estimates for the India Consumer sector. The brokerage house expects Westlife Development to report a degrowth of 54.4 percent year-on-year in PAT at by Rs 1.9 crore.

Net Sales are expected to up 12 percent Y-o-Y to Rs 228.6 crore, according to Axis Securities.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to up 52.5 percent Y-o-Y to Rs 14.8 crore.SSSg to be 4-5 percent in Q1FY17 compared with -4.9 percent in Q1FY16 and 8.4 percent in Q4FY16. Lower raw material cost to drive gross margin expansion of 108 bps 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.