Ashoka Buildcon Q2 PAT may dip 10.8% YoY to Rs. 40.4 cr: Kotak

Kotak has come out with its second quarter (July-September) earnings estimates for the Infrastructure sector. The brokerage house expects Ashoka Buildcon to report net profit at Rs. 40.4 crore down 10.8% year-on-year (30.1% quarter-on-quarter).

Net Sales are expected to increase by 25.6 percent Y-o-Y (down 23.1 percent Q-o-Q) to Rs. 556.1 crore, according to Kotak.

Earnings before interest, tax, depreciation and amortization (EBITDA) are likely to fall by 0.4 percent Y-o-Y (down 28.7 percent Q-o-Q) to Rs. 69.5 crore.

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