Bharat Heavy Electricals Ltd.,state-owned power plant equipment manufacturer, will announce its financial results on May 27 for the fourth quarter ended March 31, 2016.
Bharat Heavy Electricals Ltd.,state-owned power plant equipment manufacturer, will announce its financial results on May 27 for the fourth quarter ended March 31, 2016.
IIFL estimates the company’s net profit to increase to Rs.393 crore, fall of 55.8% yoy.
As per IIFL’s forecast, the company’s net revenue to go up to Rs.12,179 crore, increasing 128.7% qoq but declining of 4% yoy.
Operating profit margin is likely to come in at 5%, with a qoq rise of 3,577 bps and fall of 5 bps yoy.
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 27 include Bharat Electronics, BEML, CG, Bombay Dyeing, Canara Bank, DLF, Dr Lal Pathlabs, Dynamatic Tech, Eros International, HPCL, IMP Power, Indoco Remedies, IOCL, Oil India, PNC Infratech, Punj Lloyd, PVR,Sarda Energy, SBI, Tata Communications, TIL Ltd, and VST Tillers.
Bharat Heavy Electricals Ltd.,state-owned power plant equipment manufacturer, will announce its financial results on May 27 for the fourth quarter ended March 31, 2016.IIFL estimates the company’s net profit to increase to Rs.393 crore, fall of 55.8% yoy.
As per IIFL’s forecast, the company’s net revenue to go up to Rs.12,179 crore, increasing 128.7% qoq but declining of 4% yoy.
Operating profit margin is likely to come in at 5%, with a qoq rise of 3,577 bps and fall of 5 bps yoy.
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 27 include Bharat Electronics, BEML, CG, Bombay Dyeing, Canara Bank, DLF, Dr Lal Pathlabs, Dynamatic Tech, Eros International, HPCL, IMP Power, Indoco Remedies, IOCL, Oil India, PNC Infratech, Punj Lloyd, PVR,Sarda Energy, SBI, Tata Communications, TIL Ltd, and VST Tillers.
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