Pharmaceutical manufacturer Lupin Ltd., state-owned lender Punjab National Bank, engineering and refrigeration company Voltas Ltd. are among the companies reporting their financial results for the April-June quarter.
Lupin is expected to report a 40 percent decline in profit, according to Bloomberg consensus estimates. Revenue may fall 3 percent on high competition and pricing pressures. Operating income is estimated to decline 24 percent while operating margin is seen contracting more than 6 percentage points to 23.2 percent.
What To Watch
- Weak quarter on back of competition and pricing pressures
- Teva launched Glumetza while Fortamet pricing issues hurt
- Vigamox and Glycopyrrolate will contribute from the next quarter
- Seasonal weakness seen in Ceph's business
- Loss in Tricor due to entry of Cipla and Hetero
- Gavis ex-Methergene is expected to remain flat
Punjab National Bank may see its asset quality improve marginally led by a moderation in slippages and higher recoveries. The lender's net interest income is expected to increase 2 percent from last year to Rs 3,773 crore, according to Bloomberg consensus estimates. Net profit will likely rise 12.4 percent to Rs 344 crore.
What To Watch
- Commentary around bad loan formation and resolutions
- Provisions required for accounts referred to NCLT
- Capital raising plans and sale of non-core assets
- Guidance around margins and loan growth
- Decision on savings deposit rate
Voltas may see revenue rise 7 percent to Rs 1,985 crore, Bloomberg consensus estimates show. Profit may increase more than 6 percent over last year. Operating income is seen 3.8 percent higher at Rs 207 crore, while operating margin is expected to contract 40 basis points.
What To Watch
- Growth led by Unitary Cooling Products segment
- Destocking in June to partially offset strength in UCP
- Margins to remain above 10 percent on Middle East projects
- See slower project execution in Electro-Mechanical projects
Other Results
What To Watch
- Demand for school shoes segment to drive sales
- Cost management to help maintain margins
- Tie-up with e-wallets to help sales
- Pick up in online sales and performance
What To Watch
- Impact of pre-GST buying on AUM
- Growth momentum
- Collections among segments will be focused on
- Loan against property asset quality and growth.
What To Watch
- Commercial sales in BKC Mumbai and Kolkata
- Response to new launches post March and upcoming launches
- Update on development management strategy
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