IIFL estimates the company’s net profit to tumble to Rs.91 crore, at a rate of 10.3% yoy; however, the same is likely to increase 52.4% qoq.
Shipping Corporation of India, one of the leading shipping companies in India, will announce its financial results on May 26 for the fourth ended March 31, 2016.
IIFL estimates the company’s net profit to tumble to Rs.91 crore, at a rate of 10.3% yoy; however, the same is likely to increase 52.4% qoq.
As per IIFL’s forecast, the company’s net revenue for Q4 FY16 is expected to surge to Rs. 1,045 crore, at a rate of 0.2% yoy and 5.8% qoq.
Operating profit margin is estimated to be at 25.9%, with a yoy fall of 127 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 26 include Banco Products India, Deepak Fertilizers & Petrochemicals Corporation, EIH Ltd, Finolex Cables, Hathway Cable, HT Media, Ingersoll‐Rand India, Mphasis, Natco, ONGC, Rashtriya Fertilizers & Chemicals, Sagar Cements, Salzer Electronics, Shree Cement, Sterlite Technologies, Subros Ltd, Tata Chemicals, Trent, Union Bank of India, and VA Tech Wabag.
IIFL estimates the company’s net profit to tumble to Rs.91 crore, at a rate of 10.3% yoy; however, the same is likely to increase 52.4% qoq.
As per IIFL’s forecast, the company’s net revenue for Q4 FY16 is expected to surge to Rs. 1,045 crore, at a rate of 0.2% yoy and 5.8% qoq.
Operating profit margin is estimated to be at 25.9%, with a yoy fall of 127 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 26 include Banco Products India, Deepak Fertilizers & Petrochemicals Corporation, EIH Ltd, Finolex Cables, Hathway Cable, HT Media, Ingersoll‐Rand India, Mphasis, Natco, ONGC, Rashtriya Fertilizers & Chemicals, Sagar Cements, Salzer Electronics, Shree Cement, Sterlite Technologies, Subros Ltd, Tata Chemicals, Trent, Union Bank of India, and VA Tech Wabag.
No comments:
Post a Comment