PATNI Computer Systems Q3FY11:
This is the fourth IT company to be announcing its results for the July-September quarter FY 2012, after Infosys, TCS and HCL Tech. While it expected to post quarter on quarter (QoQ) revenue growth of 5.7 per cent, its net profit will likely fall down 24 per cent QoQ. This is because, volumes growth is expected to go up by 4.9 per cent, but the prices will be muted. Earnings Before Interest, Depreciation, Taxes and Amortization (EBIDTA) margin which measures the extent to which cash operating expenses use up revenue, will likely move up by 160 bps at 13 per cent as compared to 11.4 per cent in the last quarter. Rupee depreciation is expected to improve margins, as in the case of Infosys and TCS. However, market expectations also include Forex loss of $ 2mn this quarter that might affect Profit After Tax (PAT). Utilization is also expected to increase to 79-80 per cent, which means an increase in demand for services.
QoQ ( Cons):
Rs Cr Q3’11E Q2’11 % GROWTH( QOQ)
Revenues 868.7 821.91 5.7
Profit 67.6 88.9 (24)
NIIT TECH Q2FY12:
In line with other IT companies, NIIT Tech is also expected to report a revenue growth of 14.6 per cent, and a net profit change of -4.9 per cent in the July-September quarter (Q2), as compared to Q1 FY2012. EBIDTA margins are likely to fall down by 210 bps to 16.4 per cent, hit mainly by the one-time expense of $2.5 million for the Morris JV. Expected Forex gain of Rs. 3.9 crore will likely cushion margin impacts.
QoQ ( Cons):
Rs Cr Q2’12E Q1’12 % GROWTH( QOQ)
Revenues 368.14 321.2 14.6
Profit 38.96 41.2 (4.9)
HERO MOTOCORP Q2FY11:
The automotive company is expected to show positive year on year (YoY) results this quarter, with net sales up by 28.4 per cent at Rs. 5,791 crores and net profit of Rs. 562.43 crores, an increase of 11.2 per cent. Volume growth is expected to touch 20 per cent, predominently driven by lower inventory level, and improved demand in rural areas. EBIDTA margin is expected to be 13.7 per cent, as compared to 12.6 per cent last year. Rise in commodity prices, Rs. 100 crore rebranding expense are expected to impact margins growth
YOY
Net sales seen at Rs. 5,791 crore vs Rs. 4,511.3 crore, up 28.4 per cent
PAT seen at at Rs. 562.43 crore vs Rs. 505.6 crore, up 11.2 per cent
JET AIRWAYS Q2FY11:
Jet Airways is expected to post a net loss of Rs. 306.9 crores as compared to a loss of Rs. 50.3 crores last year, while revenues are expected to go up by 2.2 per cent at Rs. 3,562.62 crores. Load factors [measure of how much of an airline's passenger carrying capacity is used] for domestic and international operations are seen at 73 per cent and 83 per cent respectively. Domestic yields expected to dip 5 per cent QoQ while international yields may rise 5 per cent QoQ. EBIDTA margins are likely to be 2.3 per cent, a decrease from the 12.3 per cent posted last year. High crude prices during the quarter are mainly expected to impact bottomline numbers.
YOY, cons
Revenues seen at Rs. 3,562.62 crore vs Rs. 3,486.5 crores, up 2.2 per cent
Net loss of Rs. 306.9 crores seen vs loss of Rs. 50.3 crores
INDUSIND BANK Q2 (YoY):
The bank is expected to post a increase in Net Interest Income (NII) of 22.83 per cent, at Rs. 405 crores on YoY basis, while PAT is likely to be up by 35.19 per cent at Rs. 180 crores. Loan growth is expected at -27 per cent on YoY basis while deposit growth is expected to moderate to -19 per cent.
Net Interest Margin (NIM) is likely to decline by 10 basis points, affecting profitability. Also, strong traction is expected in fee income
YoY
NII seen at Rs. 405 crore vs Rs. 329.73 crore; up 22.83 per cent
PAT seen at Rs. 180 crore vs Rs. 133.15 crore; up 35.19 per cent
Jindal Steel and Power Ltd Q2:
The steel and power company is expected to see rise in sales by 21.8 per cent on YoY basis. However, on QoQ basis, sales is expected to fall by 4.8 per cent at Rs. 3,755 crores. PAT is likely to be down by 10.2 per cent on QoQ basis, hit mainly by increase in long product prices by 5 to 6 per cent (QoQ) and lower merchant realisation and weakness in steel volumes and weak power revenues. Margins are likely to remain flat at 37.3 per cent (YoY) while EBITDA is expected to decline 15 per cent YoY on lower realization and higher O&M cost.
Y-o-Y TREND
Sales seen up 21.8 per cent at Rs. 3,755 crore vs Rs. 3,082.1 crore
PAT seen down 9.2 per cent at Rs. 824.5 crore vs Rs. 906.9 crore
Q-o-Q TREND
Sales seen down 4.8 per cent at Rs. 3,755 crore vs Rs. 3,944.1 crore
PAT seen down 10.2 per cent at Rs. 824.5 crore vs Rs. 918.8 crore
PETRONET LNG Q2:
Petronet is expected to post 66.79 per cent YoY increase in net sales at Rs. 5100 crores and an 83.07 per cent YoY increase in net profit at Rs. 240 crores. Higher volumes are expected due to higher tolling and spot volumes along with lower re-gasification margins for PLNG’s spot volumes
YoY
Net Sales seen at Rs. 5,100 crore vs Rs. 3,057.7 crore; up 66.79% per cent
Net Profit seen at Rs. 240 crores vs Rs. 131.1 crore; up 83.07 per cent
This is the fourth IT company to be announcing its results for the July-September quarter FY 2012, after Infosys, TCS and HCL Tech. While it expected to post quarter on quarter (QoQ) revenue growth of 5.7 per cent, its net profit will likely fall down 24 per cent QoQ. This is because, volumes growth is expected to go up by 4.9 per cent, but the prices will be muted. Earnings Before Interest, Depreciation, Taxes and Amortization (EBIDTA) margin which measures the extent to which cash operating expenses use up revenue, will likely move up by 160 bps at 13 per cent as compared to 11.4 per cent in the last quarter. Rupee depreciation is expected to improve margins, as in the case of Infosys and TCS. However, market expectations also include Forex loss of $ 2mn this quarter that might affect Profit After Tax (PAT). Utilization is also expected to increase to 79-80 per cent, which means an increase in demand for services.
QoQ ( Cons):
Rs Cr Q3’11E Q2’11 % GROWTH( QOQ)
Revenues 868.7 821.91 5.7
Profit 67.6 88.9 (24)
NIIT TECH Q2FY12:
In line with other IT companies, NIIT Tech is also expected to report a revenue growth of 14.6 per cent, and a net profit change of -4.9 per cent in the July-September quarter (Q2), as compared to Q1 FY2012. EBIDTA margins are likely to fall down by 210 bps to 16.4 per cent, hit mainly by the one-time expense of $2.5 million for the Morris JV. Expected Forex gain of Rs. 3.9 crore will likely cushion margin impacts.
QoQ ( Cons):
Rs Cr Q2’12E Q1’12 % GROWTH( QOQ)
Revenues 368.14 321.2 14.6
Profit 38.96 41.2 (4.9)
HERO MOTOCORP Q2FY11:
The automotive company is expected to show positive year on year (YoY) results this quarter, with net sales up by 28.4 per cent at Rs. 5,791 crores and net profit of Rs. 562.43 crores, an increase of 11.2 per cent. Volume growth is expected to touch 20 per cent, predominently driven by lower inventory level, and improved demand in rural areas. EBIDTA margin is expected to be 13.7 per cent, as compared to 12.6 per cent last year. Rise in commodity prices, Rs. 100 crore rebranding expense are expected to impact margins growth
YOY
Net sales seen at Rs. 5,791 crore vs Rs. 4,511.3 crore, up 28.4 per cent
PAT seen at at Rs. 562.43 crore vs Rs. 505.6 crore, up 11.2 per cent
JET AIRWAYS Q2FY11:
Jet Airways is expected to post a net loss of Rs. 306.9 crores as compared to a loss of Rs. 50.3 crores last year, while revenues are expected to go up by 2.2 per cent at Rs. 3,562.62 crores. Load factors [measure of how much of an airline's passenger carrying capacity is used] for domestic and international operations are seen at 73 per cent and 83 per cent respectively. Domestic yields expected to dip 5 per cent QoQ while international yields may rise 5 per cent QoQ. EBIDTA margins are likely to be 2.3 per cent, a decrease from the 12.3 per cent posted last year. High crude prices during the quarter are mainly expected to impact bottomline numbers.
YOY, cons
Revenues seen at Rs. 3,562.62 crore vs Rs. 3,486.5 crores, up 2.2 per cent
Net loss of Rs. 306.9 crores seen vs loss of Rs. 50.3 crores
INDUSIND BANK Q2 (YoY):
The bank is expected to post a increase in Net Interest Income (NII) of 22.83 per cent, at Rs. 405 crores on YoY basis, while PAT is likely to be up by 35.19 per cent at Rs. 180 crores. Loan growth is expected at -27 per cent on YoY basis while deposit growth is expected to moderate to -19 per cent.
Net Interest Margin (NIM) is likely to decline by 10 basis points, affecting profitability. Also, strong traction is expected in fee income
YoY
NII seen at Rs. 405 crore vs Rs. 329.73 crore; up 22.83 per cent
PAT seen at Rs. 180 crore vs Rs. 133.15 crore; up 35.19 per cent
Jindal Steel and Power Ltd Q2:
The steel and power company is expected to see rise in sales by 21.8 per cent on YoY basis. However, on QoQ basis, sales is expected to fall by 4.8 per cent at Rs. 3,755 crores. PAT is likely to be down by 10.2 per cent on QoQ basis, hit mainly by increase in long product prices by 5 to 6 per cent (QoQ) and lower merchant realisation and weakness in steel volumes and weak power revenues. Margins are likely to remain flat at 37.3 per cent (YoY) while EBITDA is expected to decline 15 per cent YoY on lower realization and higher O&M cost.
Y-o-Y TREND
Sales seen up 21.8 per cent at Rs. 3,755 crore vs Rs. 3,082.1 crore
PAT seen down 9.2 per cent at Rs. 824.5 crore vs Rs. 906.9 crore
Q-o-Q TREND
Sales seen down 4.8 per cent at Rs. 3,755 crore vs Rs. 3,944.1 crore
PAT seen down 10.2 per cent at Rs. 824.5 crore vs Rs. 918.8 crore
PETRONET LNG Q2:
Petronet is expected to post 66.79 per cent YoY increase in net sales at Rs. 5100 crores and an 83.07 per cent YoY increase in net profit at Rs. 240 crores. Higher volumes are expected due to higher tolling and spot volumes along with lower re-gasification margins for PLNG’s spot volumes
YoY
Net Sales seen at Rs. 5,100 crore vs Rs. 3,057.7 crore; up 66.79% per cent
Net Profit seen at Rs. 240 crores vs Rs. 131.1 crore; up 83.07 per cent
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