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

Quarterly results that are expected today include Maruti Suzuki India, Larsen & Toubro, Indian Bank, Indian Overseas Bank, Gruh Finance, DHFL, Nilkamal, CDSL, Jtekt India, Wonderla Holidays, Vakrangee, Rane Engine Valve, Astec LifeSciences, Sundaram Clayton, V2 Retail.

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

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