Re: {LONGTERMINVESTORS} ASHOKA BUILDCON: thread
RAJESH DESAI
Emkay Global Financial Services has come out with its earnings estimates on Ashoka Buildcon (ABL) for March FY12. According to the research firm, company's Q4FY12 sales are likely to go down by 26.9% at Rs 441.1 crore, Year-on-Year, (QoQ) basis.
The company's net profit is seen down 25.9% at Rs 28.3 crore, YoY.
Ashoka Buildcon (ABL) is expected to report revenues of Rs4.41bn registering a +25% sequential growth led by 27% sequential increase in Construction rev. and 14% sequential growth in BOT revenues. ABL during the quarter commenced toll collection for Durg & Jaora Nayegaon project and the initial collection is ahead of management estimates. We expect EBIDTA for the quarter at Rs 1bn growing 46% sequentially with EBITDA margins of 23%. Net profit at Rs 0.28 billion for the quarter is expected to witness a 45% sequential increase.
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CA. Rajesh Desai
RAJESH DESAI
press relase - pfa
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CA. Rajesh Desai