IIFL estimates the company’s net profit to surge to Rs.500 crore at 46.6% yoy and 7.9% qoq.
Asian Paints, one of the leading manufacturers of decorative paints 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 surge to Rs.500 crore at 46.6% yoy and 7.9% qoq.
As per IIFL’s forecast, the company’s net revenue for Q4 FY16 is expected to soar to Rs.3,944 crore at 11.6% yoy; however, the same is likely to fall 5.2% qoq.
Operating Profit Margin is likely to be at 18.1%, with a yoy increase of 233 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 Apollo Tyres, 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.
Stock view:
IIFL estimates the company’s net profit to surge to Rs.500 crore at 46.6% yoy and 7.9% qoq.
As per IIFL’s forecast, the company’s net revenue for Q4 FY16 is expected to soar to Rs.3,944 crore at 11.6% yoy; however, the same is likely to fall 5.2% qoq.
Operating Profit Margin is likely to be at 18.1%, with a yoy increase of 233 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 Apollo Tyres, 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.
Stock view:
Asian Paints Ltd ended at Rs. 898.65, down by Rs. 7.5 or 0.83% from its previous closing of Rs. 906.15 on the BSE.
The scrip opened at Rs. 901.1 and touched a high and low of Rs. 908.5 and Rs. 893.75 respectively. A total of 1083790(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 86198.51 crore.
The BSE group 'A' stock of face value Rs. 1 touched a 52 week high of Rs. 924.65 on 05-Aug-2015 and a 52 week low of Rs. 693 on 16-Jun-2015. Last one week high and low of the scrip stood at Rs. 913.4 and Rs. 861.95 respectively.
The promoters holding in the company stood at 52.79 % while Institutions and Non-Institutions held 27.07 % and 20.14 % respectively.
The stock traded above its 50 DMA.
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