Drugmaker Cipla Ltd., state-owned Bharat Heavy Electricals Ltd., and real estate company Prestige Estates Ltd. are among the companies reporting July-September quarter earnings today.
Cipla may see a 7 percent rise in revenue over the same quarter last year due to higher sales in India as traders restocked after the implementation of the Goods and Services Tax. Profit is seen 13 percent higher at Rs 422 crore, according to the Bloomberg consensus estimate. Operating income may grow 11 percent while operating margin may expand 70 basis points to 18.8 percent. Business in the key U.S. market is expected to remain slow due to pricing pressure.
What To Watch
- Impact on revenue from the absence of new launches
- Impact of product mix on margin
Bharat Heavy Electricals is expected to see a 45 percent jump in profit due to a lower base in the same quarter last year, according to the Bloomberg consensus estimate. Revenue may grow 2 percent to Rs 6,793 crore year-on-year. Operating income is seen 65 percent higher at Rs 256 crore, while operating margin may expand 150 basis points to 3.8 percent. The execution of stalled projects is expected to pick up.
What To Watch
- Operating leverage and expenses
- Reduction in slow moving orders
Prestige Estates
What To Watch
- Update on restructuring plans
- New launch pipeline
- Update on hospitality projects – Conrad & Sheraton
Other Earnings Today
- Aditya Birla Capital
- Alembic Pharmaceuticals
- Castrol India
- Dalmia Bharat
- Future Retail
- Himatsingka Seide
- Jyothy Laboratories,
- L&T Technology Services
- Liberty Shoes
- Manappuram Finance
- Tata Coffee
- Tata Investment Corporation
- Teamlease Services
- Thermax
- VIP Industries
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