Important results today: M&M, BPCL, Tata Steel, Sun TV

The results expected today include M&M, BPCL, Tata Steel, Sun TV Network, NHPC, Abbott, Balkrishna Industries.

Feb 08, 2019 10:02 IST India Infoline News Service

Quarterly results that are expected today include Mahindra & Mahindra, Bharat Petroleum Corporation, Tata Steel, Sun TV Network, NHPC, Abbott, AIA Engineering, JK Lakshmi Cement, Amber Enterprises, Avanti Feeds, Balkrishna Industries.

Here is the street expectation for the companies:   

BPCL Consensus estimates for Q3FY19E:
  • Revenue – Rs73,255cr, up 20.8% yoy supported by higher realizations and throughput
  • EBITDA – Rs915cr, down by 71% yoy
  • PAT – Rs427cr, down by 80% yoy     
Mahindra and Mahindra Limited (M&M + MVML) Consensus expectations for Q3FY19E:
  • Revenue: Rs13,089cr (up 14% yoy, 2% qoq). Volume growth in Q3FY19 was mixed; M&HCVs declined 22% yoy (down 30% qoq), PV growth was subdued at 9% yoy (down 5% qoq), while tractor growth resumed to 12% yoy (16% qoq) after a 4% yoy slump in Q2FY19. The recent launches (Marazzo and Alturas G4) are yet to result in a significant boost to M&M's volumes.
  • EBITDA: Rs1,918cr (up 13% yoy, 4% qoq). The company continues to face higher commodity costs, price discounting (in CV and PV portfolios) to push sales, and demand weakness. However, a steady show in tractors (which commands better margins) may keep its EBITDA margin unchanged.
  • EBITDA margin: 14.7% (contraction of 8bps yoy, expansion of 19bps qoq). We expect weakness in automotive segment margins due to weak volumes, year-end discounting, and launch related expenses of Marazzo and Alturas G4.
  • PAT: Rs1,056cr (up 15% yoy, down 36% qoq).       
Tata Steel Consensus expectations for Q3FY19E:
  • Revenue – Rs41,382cr, up 23.7% yoy
  • EBITDA – Rs7,300cr, up 28.1% yoy
  • EBITDA Margin – 17.6%, an expansion of 61bps yoy
  • Adjusted PAT – Rs2,482cr 
More companies announcing results today are: Camlin Fine Sciences, Dr. Lal Path Labs, Emmbi Industries, Engineers India, Excel Crop Care, Fine Organic Industries, Garden Reach Shipbuilders & Engineers, General Insurance Corporation of India, GOCL Corporation, Greenply Industries, Gujarat Gas, Gujarat State Petronet, Hercules Hoists, Himachal Futuristic Communications, Indo Count Industries, Ingersoll Rand, JB Chemicals & Pharmaceuticals, KIOCL, KRBL, Madras Fertilizers, Max Ventures and Industries, Mishra Dhatu Nigam, NACL Industries, Nagarjuna Fertilizers and Chemicals, Nandan Denim, National Aluminium Company, Nirlon, Orient Cement, Puravankara, REC, Salzer Electronics, SJVN.

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