Siti Cable, one of the leading media firms in the country, will announce its financial results for the fourth quarter ended March 31, 2016 on May 25.
Siti Cable, one of the leading media firms in the country, will announce its financial results for the fourth quarter ended March 31, 2016 on May 25.
As per IIFL’s forecast, the company is expected to register a net revenue of Rs.390 crore, growing at 52.3% yoy and 5.4% on qoq basis.
Operating profit margin of the company is likely to be at 31.5%, a rise of 2,783 bps yoy, whereas a drop of 231 bps qoq.
IIFL estimates the company’s net profit to be at Rs.55 crore, which constitutes a drop of 2.5% qoq.
Although traditionally a sequentially weak quarter, Media sector is likely to report strong performance due to content‐backed movies, digitisation, growth in new media and digital initiatives. Sector to witness strong 40% yoy jump in operating profit and 54% yoy jump in PAT.
Other key quarterly results on May 25 include Abbott India, AIA Engineering, Apar Industries, Apollo Hospitals, Ashok Leyland, Bajaj Auto, Container Corporation Of India, Cummins, Escorts, GAIL, Glaxosmithkline Pharmaceuticals, Godrej Industries, Info Edge India, L&T, Lakshmi Machine Works, Prism Cement, Thermax, TV Today, VIP Industries and Wheels India.
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.
Siti Cable, one of the leading media firms in the country, will announce its financial results for the fourth quarter ended March 31, 2016 on May 25.As per IIFL’s forecast, the company is expected to register a net revenue of Rs.390 crore, growing at 52.3% yoy and 5.4% on qoq basis.
Operating profit margin of the company is likely to be at 31.5%, a rise of 2,783 bps yoy, whereas a drop of 231 bps qoq.
IIFL estimates the company’s net profit to be at Rs.55 crore, which constitutes a drop of 2.5% qoq.
Although traditionally a sequentially weak quarter, Media sector is likely to report strong performance due to content‐backed movies, digitisation, growth in new media and digital initiatives. Sector to witness strong 40% yoy jump in operating profit and 54% yoy jump in PAT.
Other key quarterly results on May 25 include Abbott India, AIA Engineering, Apar Industries, Apollo Hospitals, Ashok Leyland, Bajaj Auto, Container Corporation Of India, Cummins, Escorts, GAIL, Glaxosmithkline Pharmaceuticals, Godrej Industries, Info Edge India, L&T, Lakshmi Machine Works, Prism Cement, Thermax, TV Today, VIP Industries and Wheels India.
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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