As per IIFL’s forecast, the company’s net revenue for Q4 FY16 is expected to surge to Rs.1076 crore, at a rate of 18.5% yoy and 70.6% qoq.
VA Tech Wabag Ltd, pure-play water technology provider, will announce its financial results on May 26 for the fourth quarter ended March 31, 2016.
IIFL estimates the company’s net profit to go up to Rs.81 crore, at a rate of 14.1% yoy and 330.4% qoq.
As per IIFL’s forecast, the company’s net revenue for Q4 FY16 is expected to surge to Rs.1076 crore, at a rate of 18.5% yoy and 70.6% qoq.
Operating profit margin is likely to be at 13.6%, with a yoy jump of 87 bps and 628 bps qoq.
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 Fertilisers & Petrochemicals Corporation, EIH Ltd, Finolex Cables, Hathway Cable, HT Media, Ingersoll‐Rand India, Mphasis, Natco, ONGC, Rashtriya Chemicals & Fertilizers, Sagar Cement, Salzer Electronics, Shipping Corporation Of India Ltd, Shree Cement, Sterlite Technologies, Subros Ltd, Tata Chemicals, Trent and Union Bank of India.
Va Tech Wabag Ltd is currently trading at Rs. 569.5, up by Rs. 8 or 1.42% from its previous closing of Rs. 561.5 on the BSE.
The scrip opened at Rs. 561.6 and has touched a high and low of Rs. 575.1 and Rs. 561 respectively. So far 41209(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 3059.97 crore.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 833 on 06-Jul-2015 and a 52 week low of Rs. 409.3 on 01-Mar-2016. Last one week high and low of the scrip stood at Rs. 591 and Rs. 552.3 respectively.
The promoters holding in the company stood at 28.94 % while Institutions and Non-Institutions held 52.44 % and 18.61 % respectively.
The stock is currently trading above its 200 DMA.
VA Tech Wabag Ltd, pure-play water technology provider, will announce its financial results on May 26 for the fourth quarter ended March 31, 2016.IIFL estimates the company’s net profit to go up to Rs.81 crore, at a rate of 14.1% yoy and 330.4% qoq.
As per IIFL’s forecast, the company’s net revenue for Q4 FY16 is expected to surge to Rs.1076 crore, at a rate of 18.5% yoy and 70.6% qoq.
Operating profit margin is likely to be at 13.6%, with a yoy jump of 87 bps and 628 bps qoq.
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 Fertilisers & Petrochemicals Corporation, EIH Ltd, Finolex Cables, Hathway Cable, HT Media, Ingersoll‐Rand India, Mphasis, Natco, ONGC, Rashtriya Chemicals & Fertilizers, Sagar Cement, Salzer Electronics, Shipping Corporation Of India Ltd, Shree Cement, Sterlite Technologies, Subros Ltd, Tata Chemicals, Trent and Union Bank of India.
Va Tech Wabag Ltd is currently trading at Rs. 569.5, up by Rs. 8 or 1.42% from its previous closing of Rs. 561.5 on the BSE.
The scrip opened at Rs. 561.6 and has touched a high and low of Rs. 575.1 and Rs. 561 respectively. So far 41209(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 3059.97 crore.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 833 on 06-Jul-2015 and a 52 week low of Rs. 409.3 on 01-Mar-2016. Last one week high and low of the scrip stood at Rs. 591 and Rs. 552.3 respectively.
The promoters holding in the company stood at 28.94 % while Institutions and Non-Institutions held 52.44 % and 18.61 % respectively.
The stock is currently trading above its 200 DMA.
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