Results to watch out for today - Maruti Suzuki, Larsen & Toubro, Gruh Finance, DHFL
The results expected today include Maruti Suzuki India, Larsen & Toubro, Indian Bank, Indian Overseas Bank, Gruh Finance, DHFL.
Jan 25, 2019 03:01 IST India Infoline News Service
Poly Medicure, Kirloskar Oil Engines, Cantabil Retail India, Shriram City Union Finance, Kirloskar Brothers, Foseco India, Saregama India, Mahindra & Mahindra Financial Services, Gati, Swaraj Engines, Gujarat State Fertilizers & Chemicals, International Constructions, TECIL Chemicals and Hydro Power will be also announcing its results today.
Here is the expectation for the companies:
Maruti Suzuki India Limited (MSIL) Consensus Expectations for Q3FY19E:
Revenue: Rs19,465cr (up 1% yoy, down 13% qoq); MSIL will report flat revenue yoy (down 13% qoq); the lowest in multiple quarters, due to weak volume in Q3FY19 (down 1% yoy, 12% qoq). The volume mix was favourable during the quarter; with lower proportion of Mini segment and higher proportion of compact segment, Ciaz and vans. However, realization growth will be restricted to 2% yoy (down 2% qoq) due to high year-end discounting.
EBITDA: Rs2,582cr (down 15% yoy, 25% qoq).
EBITDA margin: 13.3% (contraction of 249bps yoy, 203bps qoq); Weak volumes and higher commodity prices will reduce operating leverage, leading to 249bps yoy margin contraction (203bps qoq) in Q3FY19.
PAT: Rs1,907cr (up 6% yoy, down 15% qoq).
L&T Consensus estimates for Q3FY19E:
Revenue – Rs32,952cr, up 15% yoy, driven by strong execution mainly in infrastructure segment further supported by hydrocarbon business
EBITDA – Rs3,653cr, up 16% yoy, led by higher revenue amid stable operating expenses
EBITDA Margin – 11%, marginal expansion of 15bps yoy
PAT – Rs1,899cr, up 26% yoy
