Atul Auto, a leading automobile player in the country, will announce its financial results for the fourth quarter ended March 31, 2016 on May 30.
Atul Auto, a leading automobile player in the country, will announce its financial results for the fourth quarter ended March 31, 2016 on May 30.
As per IIFL’s forecast, the company is expected to register a net revenue of Rs.128 crore, growing at 4.4% yoy while declining at 15.7% on qoq basis.
Operating profit margin of the company is likely to be at 14.4%, a gain of 221 bps yoy, whereas a drop of 217 bps qoq.
IIFL estimates the company’s net profit to be at Rs.12 crore, which constitutes a rise of 33.3% yoy and a drop 27.9% qoq.
According to IIFL estimates, autos are to register strong PAT growth (32.4% yoy) with most major players doing well. Auto volumes were robust across segments, except cars. OPM of most companies under coverage will rise on account of benign commodity prices and operating leverage.
Key quarterly results on May 30 include APL Apollo Tubes, Atul Auto, Aurobindo Pharma, Bajaj Electricals, BATA India, Berger Paints, Blue Star, Cigniti Technologies, Fiem Industries, Reliance Communications, Tata Motors, NTPC, IPCA, Mahindra & Mahindra, among others.
IIFL 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.
Atul Auto, a leading automobile player in the country, will announce its financial results for the fourth quarter ended March 31, 2016 on May 30.As per IIFL’s forecast, the company is expected to register a net revenue of Rs.128 crore, growing at 4.4% yoy while declining at 15.7% on qoq basis.
Operating profit margin of the company is likely to be at 14.4%, a gain of 221 bps yoy, whereas a drop of 217 bps qoq.
IIFL estimates the company’s net profit to be at Rs.12 crore, which constitutes a rise of 33.3% yoy and a drop 27.9% qoq.
According to IIFL estimates, autos are to register strong PAT growth (32.4% yoy) with most major players doing well. Auto volumes were robust across segments, except cars. OPM of most companies under coverage will rise on account of benign commodity prices and operating leverage.
Key quarterly results on May 30 include APL Apollo Tubes, Atul Auto, Aurobindo Pharma, Bajaj Electricals, BATA India, Berger Paints, Blue Star, Cigniti Technologies, Fiem Industries, Reliance Communications, Tata Motors, NTPC, IPCA, Mahindra & Mahindra, among others.
IIFL 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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