Wabco India, one of the leading automobile component players in the country, will announce its financial results for the fourth quarter ended March 31, 2016 on May 19.
Wabco India, one of the leading automobile component players in the country, will announce its financial results for the fourth quarter ended March 31, 2016 on May 19.
As per IIFL’s forecast, the company is expected to register a net revenue of Rs.461 crore, growing at 20.3% yoy and 0.7% on qoq basis.
Operating profit margin of the company is likely to be at 17.2%, a rise of 249 bps yoy and 24 bps qoq.
IIFL estimates the company’s net profit to be at Rs.52 crore, which constitutes a rise of 0.8% qoq 70.8% yoy.
According to IIFL estimates, autos are to register strong PAT growth (32.4% yoy) with most major players doing well. Auto volumes were robust across segments, except cars. OPM of most companies under coverage will rise on account of benign commodity prices and operating leverage.
Auto component players are expected to see another quarter of decent growth as revenues rise on the back of good OEM demand and margins expand as a result of benefits of operating leverage. Replacement demand in certain segments such as tyres has also started picking up.
Other key quarterly results on May 19 include Action Construction, CESC Ltd, Dishman, ENIL, Esab India Ltd, Gujarat Pipavav Port, Hawkins, ICRA, Indian Hume Pipe Company Ltd, IRB Infrastructure Developers Ltd, Lupin, Pidilite, Sobha Developers, Igarashi Motors 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.
As per IIFL’s forecast, the company is expected to register a net revenue of Rs.461 crore, growing at 20.3% yoy and 0.7% on qoq basis.
Operating profit margin of the company is likely to be at 17.2%, a rise of 249 bps yoy and 24 bps qoq.
IIFL estimates the company’s net profit to be at Rs.52 crore, which constitutes a rise of 0.8% qoq 70.8% yoy.
According to IIFL estimates, autos are to register strong PAT growth (32.4% yoy) with most major players doing well. Auto volumes were robust across segments, except cars. OPM of most companies under coverage will rise on account of benign commodity prices and operating leverage.
Auto component players are expected to see another quarter of decent growth as revenues rise on the back of good OEM demand and margins expand as a result of benefits of operating leverage. Replacement demand in certain segments such as tyres has also started picking up.
Other key quarterly results on May 19 include Action Construction, CESC Ltd, Dishman, ENIL, Esab India Ltd, Gujarat Pipavav Port, Hawkins, ICRA, Indian Hume Pipe Company Ltd, IRB Infrastructure Developers Ltd, Lupin, Pidilite, Sobha Developers, Igarashi Motors 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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