IIFL estimates that the company’s net revenues are likely to increase to Rs. 874 crore, growing at 28% yoy and 11% qoq
LIC Housing Finance Ltd, one of India’s leading housing finance firm in NBFC space, will announce its financial results on April 18 for the fourth quarter ended March 31, 2016.
IIFL estimates that the company’s net revenues are likely to increase to Rs. 874 crore, growing at 28% yoy and 11% qoq.
As per IIFL’s forecast, the company’s net profit for Q4 FY16 is expected to soar to Rs. 458 crore, growing at 21% yoy and 9% qoq.
Operating Profit Margin is likely to be at 2.7%, with a yoy surge of 21 bps.
Other key Q4 results on April 18 include Mindtree and TCS Ltd.
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.
IIFL estimates that the company’s net revenues are likely to increase to Rs. 874 crore, growing at 28% yoy and 11% qoq.
As per IIFL’s forecast, the company’s net profit for Q4 FY16 is expected to soar to Rs. 458 crore, growing at 21% yoy and 9% qoq.
Operating Profit Margin is likely to be at 2.7%, with a yoy surge of 21 bps.
Other key Q4 results on April 18 include Mindtree and TCS Ltd.
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.
No comments:
Post a Comment