Balkrishna Industries, one of the leading automobile component players in the country, will announce its financial results for the fourth quarter ended March 31, 2016 on May 18.
Balkrishna Industries, one of the leading automobile component players in the country, will announce its financial results for the fourth quarter ended March 31, 2016 on May 18.
As per IIFL’s forecast, the company is expected to register a net revenue of Rs.770 crore, a growth at 2.7% qoq, while a decline of 13.8% on yoy basis.
Operating profit margin of the company is likely to be at 24.7%, a rise of 891 bps yoy and 12 bps qoq.
IIFL estimates the company’s net profit to be at Rs.83 crore, which constitutes a drop of 38.9% qoq and 46.2% yoy.
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.
Auto component players are expected to see another quarter of decent growth as revenues rise on the back of good OEM demand and margins expand as a result of benefits of operating leverage. Replacement demand in certain segments such as tyres has also started picking up.
Other key quarterly results on May 18 include Corporation Bank, IFB Industries, Indian Hotels, JK Lakshmi Cement, JSW Steel, Kirloskar Oil Engine, Majesco Ltd, PNB, PTC India, Ratnamani Metals, Skipper, Tata Communication and Torrent Power.
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.
Balkrishna Industries, one of the leading automobile component players in the country, will announce its financial results for the fourth quarter ended March 31, 2016 on May 18.As per IIFL’s forecast, the company is expected to register a net revenue of Rs.770 crore, a growth at 2.7% qoq, while a decline of 13.8% on yoy basis.
Operating profit margin of the company is likely to be at 24.7%, a rise of 891 bps yoy and 12 bps qoq.
IIFL estimates the company’s net profit to be at Rs.83 crore, which constitutes a drop of 38.9% qoq and 46.2% yoy.
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.
Auto component players are expected to see another quarter of decent growth as revenues rise on the back of good OEM demand and margins expand as a result of benefits of operating leverage. Replacement demand in certain segments such as tyres has also started picking up.
Other key quarterly results on May 18 include Corporation Bank, IFB Industries, Indian Hotels, JK Lakshmi Cement, JSW Steel, Kirloskar Oil Engine, Majesco Ltd, PNB, PTC India, Ratnamani Metals, Skipper, Tata Communication and Torrent Power.
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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