Monday, October 11, 2010

Kajaria Ceramics Q2FY11 Results Expectations - Net Sales Rs 2.1 bn, APAT Rs 131 mn


Kajaria Ceramics is expected to release their Q2FY11 numbers today i.e. October 12th, 2010.

Increased volumes due to commissioning of a vitrified tiles facility along with improved realisations are expected to result in 15% YoY growth in revenues to Rs 2.1 bn. Marginal decline of 40 bps is expected in EBITDA margins to 16% resulting in EBITDA of Rs 341 mn. Increased topline and lower interest cost is expected to result in 50% growth in PAT to Rs 131 mn resulting in AEPS of Rs 1.8.

For H1FY11, we expect the company to report 20% growth in revenues to Rs 4.1 bn. EBITDA margins however are likely to remain flat at 16% while aggregate AEPS for H1FY11 stands at Rs 3.3 over Rs 2.0 last year. For the full year FY11, we estimate EPS of Rs 6.7.

We have a BUY recommendation on the stock with a price target of Rs 91.

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Safe Harbor:

The information contained and provided on this Website provides Investment advice for the education of investors. The posts are an information service only. Recommendations, opinions or suggestions are given with the understanding that readers acting on this information assume all risks involved. We do not assume any responsibility or liability resulting from the use of such information, judgment and opinions for Trading or Investment purposes.
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