Important results today: ICICI Bank, Bajaj Auto, Indian Oil, NTPC

The results expected today include ICICI Bank, Bajaj Auto, Indian Oil Corporation, NTPC, Alembic, Jubilant Foodworks, Tata Communications, JSW Energy, Ajanta Pharma, Hexaware Technologies.

Jan 30, 2019 03:01 IST India Infoline News Service

Quarterly results that are expected today include ICICI Bank, Bajaj Auto, Indian Oil Corporation, NTPC, Alembic, Jubilant Foodworks, Jindal Stainless (Hisar), Tata Communications, JSW Energy, Ajanta Pharma, Hexaware Technologies.

Here is the street expectation for the companies:

NTPC Ltd Q3FY19E Result Expectation
  • Revenue – Rs22,580cr, up 8.7% yoy
  • EBITDA – Rs6,053cr, up 16% yoy
  • EBITDA Margin – 26.8%, an expansion of 169bps yoy
  • Adjusted PAT – Rs2,535cr, up 7.4% yoy

Indian Oil Corporation Ltd Consensus Expectations for Q3FY19E
  • Net Revenue – Rs1,28,456cr, up 16.1% yoy supported by higher realizations
  • EBITDA – Rs2,036cr, down 85% yoy
  • PAT – Rs1,244cr, down 84% yoy
Bajaj Auto Expectations for Q3FY19E (standalone numbers):
  • Revenue – Rs7,361cr, up 16% yoy, but down 8% qoq; Bajaj Auto will see top-line growth led by strong volume growth of 26% yoy (down 6% qoq). At 31% yoy (down 4% qoq), the motorcycles segment has grown strongly in the quarter as the company resorted to aggressive pricing strategy to push volumes and shore up market share. Three-wheeler (3W) volumes showed signs of fatigue in November 2018 and December 2018 after growing at a healthy pace over the past 15 months. Realization will drop 8% yoy (2% qoq) in Q3FY19 owing to a weaker mix (higher proportion of entry-level motorcycles).
  • EBITDA – Rs1,155cr, down 6% yoy, 14% qoq
  • EBITDA margin – 15.7%, a contraction of 364bps yoy, 113bps qoq; EBITDA margin will contract as a weaker revenue mix will affect gross margins and reduce operating leverage.
  • PAT – Rs1,045cr, up 10% yoy, down 9% qoq; PAT growth will be helped by higher investment income.

ICICI Bank Consensus expectations for Q3FY19E:
  • Net interest income – Rs6,819cr, up 19.5% yoy and 6.3% qoq
  • Pre-provision profit – Rs6,283cr, up 24.2% yoy and 19.7% qoq
  • PAT – Rs1,794cr, up 8.7% yoy and 97.4% qoq
More companies announcing results today are: TTK Healthcare, MAS Financial Services, Mahindra Logistics, Chemfab Alkalis, Aavas Financiers, GMM Pfaudler, Security and Intelligence Services (India), GP Petroleums, Arvind SmartSpaces, Diligent Media Corporation, KIOCL, Marathon Nextgen Realty, Dixon Technologies (India), Genus Paper & Boards, Shemaroo Entertainment, Castrol India, IIFL Holdings, International Paper APPM, Jindal Poly Investment and Finance Company, Alkyl Amines Chemicals, Vinati Organics, Bharat Electronics, IFB Agro Industries, EIH Limited, Torrent Pharmaceuticals, Gujarat Pipavav Port, DIC India, Astra Microwave Products, Orient Bell, Pioneer Distilleries, Cholamandalam Investment and Finance Company, BF Investment, Ashoka Buildcon, Sagar Cements, Future Market Networks, Bajaj Holdings & Investment, Heritage Foods, Emkay Global Financial Services, Blue Dart Express, Kolte - Patil Developers, Khandwala Securities, LIC Housing Finance, Ratnamani Metals & Tubes, Plastiblends India, Mahindra Holidays & Resorts India, BF Utilities, Indraprastha Medical Corporation, Dhampur Sugar Mills.

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