IIFL estimates the company’s net profit to fall to Rs.299 crore at 2.6% yoy, but increase 7.2% qoq.
Apollo Tyres, one of the leading tyre manufacturers in India, will announce its financial results on May 11 for the fourth quarter ended March 31, 2016.
IIFL estimates the company’s net profit to fall to Rs.299 crore at 2.6% yoy, but increase 7.2% qoq.
As per IIFL’s forecast, the company’s net revenue for Q4 FY16 is expected to plummet to Rs.3,071 crore at a rate of 1.5% yoy, but the same is likely to rise 4.3% qoq.
Operating Profit Margin is likely to come in at 17.2%, with a yoy surge of 58 bps.
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.
Other key quarterly results on May 11 include Asian Paints, Chambal Fertilizers, Gulf Oil, Havells India, Indian Bank, Oracle Financial, Oriental Bank of Commerce, Siti Cable, South Indian Bank, TD Power Systems, TVS Srichakra, and Vakrangee.
IIFL estimates the company’s net profit to fall to Rs.299 crore at 2.6% yoy, but increase 7.2% qoq.
As per IIFL’s forecast, the company’s net revenue for Q4 FY16 is expected to plummet to Rs.3,071 crore at a rate of 1.5% yoy, but the same is likely to rise 4.3% qoq.
Operating Profit Margin is likely to come in at 17.2%, with a yoy surge of 58 bps.
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.
Other key quarterly results on May 11 include Asian Paints, Chambal Fertilizers, Gulf Oil, Havells India, Indian Bank, Oracle Financial, Oriental Bank of Commerce, Siti Cable, South Indian Bank, TD Power Systems, TVS Srichakra, and Vakrangee.
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