Quarterly results that are expected today include Adani Ports & Special Economic Zone
, JSW Steel
, Adani Power, Cipla
Here is the street expectation for the companies:
Lupin Consensus expectations for Q3FY19E:
JSW Steel Consensus expectations for Q3FY19E:
Lupin to report 3.3% yoy and 4% qoq growth in its revenue over ramp-up of Solosec, however, the generic business is expected to continue its decline as the Metformin franchisee continues to erode.
EBITDA is expected to decline 17.2% yoy to Rs570cr, while the EBITDA margin is expected to be at 13.9% in Q3FY19E vs. 17.3% in Q3FY18 due to higher marketing and employee costs associated with Solosec. We look forward to the management's commentary on the Solosec ramp-up and launch plans of Enbrel biosimilar.
PAT is expected to grow 34.3% yoy and 11% qoq.
Revenue – Rs21,268cr, up 19.1% yoy
EBITDA – Rs4,438cr, up 15.2% yoy
EBITDA Margin – 20.9%, a contraction of 69bps yoy
PAT – Rs1,802cr, down 7.9% yoy
More companies announcing results today are: Allahabad Bank, Punj Lloyd, CG Power, PTC India, Cummins India, Entertainment Network (India), Graphite India, Himatsingka Seide, Indraprastha Gas
, Minda Industries Ltd, Prism Johnson Ltd, SH Kelkar & Co Ltd, Siemens, Vardhman Textiles, Zydus Wellness.