Aditya Birla Group's flagship company Hindalco Industries Ltd., watch-to-jewellery major Titan Company Ltd., state-owned Punjab National Bank and Tata Power Ltd. are among the companies reporting July-September quarter earnings today.
Hindalco may see a 19 percent revenue growth over the last year aided by higher aluminium prices on the London Metal Exchange. Profit is expected to rise 13 percent to Rs 495 crore year-on-year, according to the Bloomberg consensus estimate. Operating margin may narrow to 12 percent from 13 percent impacted by aluminium hedges in the previous fiscal when metal prices were lower.
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What To Watch
- EBITDA of the South American business
- Impact of aluminium hedges created due to lower LME prices
- Costs related to aluminium production
Titan Company may see a 21.5 percent rise in profit in July-September led by growth in jewellery sales. Net sales will likely increase 19 percent year-on-year to Rs 1,072 crore, according to the Bloomberg consensus estimate. The jewellery business is expected to gain more market share during the quarter while the watches business is may grow 7-12.5 percent, according to Kotak Institutional Equities. The margin may narrow slightly to 10.1 percent from 10.4 percent.
What To Watch
- Response to diamond-studded activation
- Impact of sales advancement to June
- Contribution from Golden Harvest Scheme
Punjab National Bank is expected to see a near 30 percent drop in profit to Rs 387 crore, the consensus estimate of analysts tracked by Bloomberg showed. Net interest income, however, may rise 1.6 percent to Rs 3,942 crore on a year-on-year basis.
The state-owned lender is seen reporting a single digit loan growth of 3-4 percent over last year. New impairment of assets may decline, but provisioning cost may still remain high due to exposure to accounts facing insolvency action.
What To Watch
- Exposure to stressed accounts in RBI's second list
- Slippage from restructured book and performance on recovery front
- Capital raising plans via fresh issue and sale of non-core assets
Tata Power may see a 31 percent growth in profit driven by higher international coal prices (since the company has stake in Indonesian mines), according to Bloomberg's analyst consensus. Revenue may remain largely flat at Rs 7,280 crore. Operating margin is seen expanding 210 basis points to 22.4 percent.
What To Watch
- Cost control at Mundra plant
- Performance of renewable business
Other Earnings
Godrej Properties
What To Watch
- New launches in Delhi-NCR and Bengaluru
- Commercial sales in Bandra-Kurla Complex
- Trees commercial launch plan
Union Bank of India
What To Watch
- Capital adequacy level
- Asset quality performance
- Exposure to RBI's second list
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