CESC Ltd, one of the leading electric utilities companies in the country, will announce its financial results for the fourth quarter ended March 31, 2016 on on May 19.
CESC Ltd, one of the leading electric utilities companies in the country, will announce its financial results for the fourth quarter ended March 31, 2016 on on May 19.
IIFL estimates the company’s net profit to be at Rs.136 crore, which constitutes a rise of 21.4% qoq but a drop of 44.3% yoy.
As per IIFL’s forecast, the company is expected to register a net revenue of Rs.1,375 crore, falling at 10.6% qoq and 2.9% on yoy basis.
Operating profit margin of the company is likely to be at 25.0%, a growth of 562 bps qoq, while a drop of 671 bps yoy.
Owing to weakness in power generation, revenues for most power generation companies would be depressed on qoq basis. Also the margins should be under pressure owing to increase in input costs. Prices of key commodities which are involved in the development and operation of power projects have witnessed marginal pick up during the quarter.
The availability of water and fuel, financial strength of State Electricity Boards and availing timely environmental clearances are the key challenges for the sector.
Other key quarterly results on May 19 include Action Construction, Hawkins, Dishman, ENIL, Esab India Ltd, Gujarat Pipavav Port, Igarashi Motors, ICRA, Indian Hume Pipe Company Ltd, IRB Infrastructure Developers Ltd, Lupin, Pidilite, Sobha Developers, Wabco India, and ZF Steering.
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.
IIFL estimates the company’s net profit to be at Rs.136 crore, which constitutes a rise of 21.4% qoq but a drop of 44.3% yoy.
As per IIFL’s forecast, the company is expected to register a net revenue of Rs.1,375 crore, falling at 10.6% qoq and 2.9% on yoy basis.
Operating profit margin of the company is likely to be at 25.0%, a growth of 562 bps qoq, while a drop of 671 bps yoy.
Owing to weakness in power generation, revenues for most power generation companies would be depressed on qoq basis. Also the margins should be under pressure owing to increase in input costs. Prices of key commodities which are involved in the development and operation of power projects have witnessed marginal pick up during the quarter.
The availability of water and fuel, financial strength of State Electricity Boards and availing timely environmental clearances are the key challenges for the sector.
Other key quarterly results on May 19 include Action Construction, Hawkins, Dishman, ENIL, Esab India Ltd, Gujarat Pipavav Port, Igarashi Motors, ICRA, Indian Hume Pipe Company Ltd, IRB Infrastructure Developers Ltd, Lupin, Pidilite, Sobha Developers, Wabco India, and ZF Steering.
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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