IIFL estimates that the company’s net revenues are expected to plummet to Rs. 1,619 crore, at a rate of 36.9% yoy and 17.1% qoq.
Cairn India Ltd, a billionaire Anil Agarwal-led company, will announce its financial results on April 22 for the fourth quarter ended March 31, 2016.
IIFL estimates that the company’s net revenues are expected to plummet to Rs. 1,619 crore, at a rate of 36.9% yoy and 17.1% qoq.
As per IIFL’s forecast, the company’s net loss for Q4 FY16 is expected to widen to Rs. 199 crore, at a rate of 17.4% yoy.
Operating Profit Margin is likely to be at 24%, with a yoy fall of 1,228 bps.
For Cairn India, we see weak set of numbers on yoy basis owing to (1) a flattish production profile at Rajasthan field, (2) fall in crude oil prices and 3) higher profit sharing with the government. For ONGC and Oil India, we expect net realizations to improve. Sales volume for crude oil and gas is likely to remain flat on sequential basis.
Our preview coverage universe of 374 companies, representing ~75% of India’s equity market cap is expected to report 4.2% yoy drop in net profit in Q4 FY16. On a qoq basis, profits will rise by 17% on account of low base of preceding two quarters, which had witnessed sequential PAT declines.
Cairn India Ltd, a billionaire Anil Agarwal-led company, will announce its financial results on April 22 for the fourth quarter ended March 31, 2016.IIFL estimates that the company’s net revenues are expected to plummet to Rs. 1,619 crore, at a rate of 36.9% yoy and 17.1% qoq.
As per IIFL’s forecast, the company’s net loss for Q4 FY16 is expected to widen to Rs. 199 crore, at a rate of 17.4% yoy.
Operating Profit Margin is likely to be at 24%, with a yoy fall of 1,228 bps.
For Cairn India, we see weak set of numbers on yoy basis owing to (1) a flattish production profile at Rajasthan field, (2) fall in crude oil prices and 3) higher profit sharing with the government. For ONGC and Oil India, we expect net realizations to improve. Sales volume for crude oil and gas is likely to remain flat on sequential basis.
Our preview coverage universe of 374 companies, representing ~75% of India’s equity market cap is expected to report 4.2% yoy drop in net profit in Q4 FY16. On a qoq basis, profits will rise by 17% on account of low base of preceding two quarters, which had witnessed sequential PAT declines.
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