Yes Securities has come out with its second quarter (July-September’ 22) earnings estimates for the Infrastructure sector. The brokerage house expects Ashoka Buildcon to report net profit at Rs. 84.1 crore up 7.6% year-on-year (down 37.6% quarter-on-quarter).
Net Sales are expected to increase by 14.2 percent Y-o-Y (down 23.1 percent Q-o-Q) to Rs. 144.4 crore, according to Yes Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 506 percent Y-o-Y (up 141 percent Q-o-Q) to Rs. 392.4 crore.
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