Important results today: SBI, ITC, HDFC, Power Grid

Gujarat State Petronet, Andhra Bank, VLS Finance, Exide Industries, Birla Corporation, Ujjivan will be announcing their Q1 numbers today.

Aug 02, 2019 05:08 IST India Infoline News Service

Result Analysis
Quarterly results that are expected today include SBI, ITC, HDFC, Power Grid Corporation of India, GATI, BSE Limited.

Gujarat State Petronet, Andhra Bank, VLS Finance, Exide Industries, Birla Corporation, Ujjivan Financial Services, Equitas Holdings, Filatex India, Aditya Birla Capital, Vinyl Chemicals (India), D-Link (India), IRB Infrastructure Developers, Astral Poly Technik, Sterling Tools, Bata India, Capri Global Capital, Insecticides (India), National Fertilizers, Camlin Fine Sciences, Birla Corporation, Somany Ceramics, Godrej Agrovet, eClerx Services, Lumax Industries, Dhampur Sugar Mills, Parag Milk Foods, Elgi Equipments, Tata Communications, Dhampur Sugar Mills, Surya Roshni, INOX Leisure, V-Mart Retail, Kaya, McDowell Holdings, MM Forgings, BEML, Deepak Nitrite, Sical Logistics, Firstsource Solutions, Union Bank of India, Raj Oil Mills, Laurus Labs, TCPL Packaging, HUDCO, Summit Securities, Rico Auto Industries will be announcing their Q1 numbers today.

Here is the street expectation for important companies releasing their results today:

ITC Q1FY20E consensus result expectation:
  • Revenue – Rs 11,773cr, up 11.5% yoy; led by sales growth of 11% in cigarette (~6% yoy volume growth coupled with price hikes in lower length cigarettes). Further, we estimate 9%, 20%, 12% and 15% yoy sales growth in FMCG, hotels, agri and paper respectively.
  • EBITDA – Rs4,652cr, up 11% yoy; higher cost leaf tobacco and imported capsule filters is expected to limit the operating leverage benefits in cigarettes.
  • EBITDA Margin –39.5%, flat yoy
  • PAT – Rs3,208cr, up 13.8% yoy
SBI consensus expectations for Q1FY20E:
  • NII – Rs22,476cr, up by 3.1% yoy and decline by 2.1% qoq, due to better credit growth largely aided by retail segments and stable NIMs.
  • PPOP – Rs14,990cr, up by 25.2% yoy and decline by 11.5% qoq, due to higher NII and other income
  • PAT – Rs4,554cr, due to higher PPOP and decline in provisions.
HDFC Ltd consensus expectation for Q1FY20E:
  • NII – Rs3,058cr, up by 11.5% yoy and down by 3.3% qoq, due to double‐digit loan book growth and stable NIMs.
  • PPOP – Rs3,0996cr, up by 0.3% yoy and down by 17.7% qoq, due to lower NII and non-interest income.
  • PAT – Rs3,352cr, up by 53.1% yoy and by 17.1% qoq, due to profit from the sale of a stake in Gruh Finance

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