IRB Infrastructure Q2 PAT seen up 25.5% YoY to Rs. 178.5 cr: Kotak

Kotak has come out with its second quarter (July-September) earnings estimates for the Infrastructure sector. The brokerage house expects IRB Infrastructure to report net profit at Rs. 178.5 crore up 25.5% year-on-year (down 6.6% quarter-on-quarter).

Net Sales are expected to decrease by 6.9 percent Y-o-Y (down 33.9 percent Q-o-Q) to Rs. 1201.8 crore, according to Kotak.

Earnings before interest, tax, depreciation and amortization (EBITDA) are likely to fall by 21.9 percent Y-o-Y (down 32.3 percent Q-o-Q) to Rs. 553.9 crore.

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