Informist, Monday, Jul 15, 2024
By Anshul Choudhary
MUMBAI – High profit growth momentum of most companies in the Nifty 200 index is likely to have slowed down during the June quarter as benefits of lower raw material prices have faded away at the time when India Inc is struggling to increase revenue as demand in several sectors is either weak or slowing down. The cumulative net profit of 173 companies in the Nifty 200 index is expected to rise 1% on year during the June quarter, showed estimates given by 19 brokerages.
This is strikingly lower than the net profit growth of nearly 49% in the June quarter of the previous year, and 13% rise in Jan-Mar. Estimates for 21 companies were not available, while six companies that have already reported Apr-Jun earnings till today have been excluded as well.
This sharp slow down comes as benefits of low-cost inventories have faded, and raw material prices have started rising in some sectors. Due to this, Anand Rathi Share and Stock Brokers expects only modest gains in the overall margins of Indian companies. "...product mixes, operational efficiencies and calibrated pricing in specific segments (excluding FMCG) are expected to have driven margin growth, though slower," the brokerage said.
With a slowdown expected in margin growth, all eyes now are on revenue growth. Analysts said revenue growth becomes imperative this year in order to drive profitability. However, companies have found it difficult to significantly grow their revenues for some time now, which is seen as a risk to earnings estimate. "With margin tailwinds fading, top line needs to recover (signs not yet visible); else there could be risks to FY24-26 consensus EPS (earnings per share) growth forecasts of 15-16%," Nuvama Institutional Equities iterated in its earnings preview report.
During the June quarter, apart from slowing demand, extreme weather played its part in the moderation of growth as heatwaves impacted construction activity, largely visible in the muted earnings of cement companies and other materials-related players. Further, the model code of conduct put in place ahead of the General Election also led to drying up of government orders at a time when private players were not increasing their capital expenditure.
What's more, global demand remains lacklusture, which has continued to impact many export-dependent companies. High interest rates have been a deterrent for companies globally, who remain on the sidelines in terms of spending and await improvement in and microeconomic fundamentals. At the same time, high inflation continues to impact people's spending power.
A confluence of these factors has likely led to muted revenue growth in some of the major sectors such as information technology, fast-moving consumer goods, metal, cement, and chemicals. The cumulative revenue of 173 companies that are a part of the Nifty 200 index is expected to rise 6% on the year during the June quarter. Sequentially, the topline is seen declining 3% while the profit after tax may fall 11%.
However, some sectors will continue to post strong earnings growth as they reap the benefit of the resilience of the domestic economy. Automobile sales remained strong during the quarter, while healthy execution helped consumer goods companies even as government orders slowed down, and pharmaceutical companies were among the few that witnessed healthy demand in India as well as some global markets. Although heatwaves impacted construction activity in India, it helped increase sales of cold beverages and consumer durables such as air conditioners.
Going forward, the Union Budget on Jul 23 and monsoon rains remain a key focus for market participants. A normal monsoon is expected to help farmers increase their income, which, in turn, may boost consumption in rural India. For the Budget, it is widely expected that the government will continue with its plans of capital expenditure, which is likely to bring higher earnings growth for companies in the remaining part of this year.
SECTORAL TRENDS
Automobile companies remain among top performers in terms of earnings growth with two-wheelers and auto ancillaries driving growth this quarter. Price increases and higher mix towards premium products have likely aided earnings, analysts said.
However, experts see weakness in sales of commercial vehicles, passenger vehicles, and tractors, looking at poor dispatch numbers. Analysts were worried about passenger vehicles segment with YES Securities mentioning that average inventory has increased to 5-6 weeks as of Jun 30 and discounts have ballooned up to 20-25%.
Analysts are expecting some moderation in earnings growth for the sector with brokerage Nomura Financial Advisory and Securities mentioning that sales data in June was on the softer side. "While the impact of rising input costs is likely to be visible for OEMs (original equipment manufacturers) from 2Q (Jul-Sep) onwards, tyre companies are expected to face this adverse impact in 1Q (Apr-Jun) itself, with the major impact likely in 2Q," Motilal Oswal Financial Services said in its earnings preview report.
Another sector that will continue to see moderation in earnings growth is banking, where net interest margin is expected to continue to decline. "We expect banks to report 10-15 bps decline in NIMs (net interest margins) led by re-pricing of deposits or slippages that tend to be seasonal in nature," Kotak Insitutional Equities said in a note. While robust credit growth is aiding earnings growth, deposit growth remains a challenge. Analysts said commentary on deposit growth is important, along with outlook on asset quality.
The combined net interest income of 17 banks is seen 12% higher and the net profit is expected to rise 15% on year. When compared on quarter, net interest income may rise 2% but profit after tax could fall 5%. Estimates of IDBI Bank were not available.
Among domestic cyclicals, engineering and capital goods companies will see robust growth on strong execution of order book. The six engineering and capital goods companies that are a part of the Nifty 200 index are seen posting a 26% on-year rise in net profit and 10% growth in revenue.
Further, high temperatures during the quarter pushed consumers to buy air conditioners, fans, and refrigerators, with premium products sales outpacing entry level product sales, YES Securities said. In this segment, Voltas is likely to report a 90% rise in net profit and a 33% growth in revenue as compared to the previous year. This strong traction in urban demand is likely to help several other companies whose focus is on India’s major cities, such as hotels, retail and real estate segments, which are expected to post strong earnings this quarter.
Pharmaceutical companies will witness a strong quarter with its 16 constituents on the Nifty 200 index likely to report an aggregate net profit growth of 21% on year, while revenue growth is seen at 11%. Sequentially, net profit may rise nearly 7%, and revenue may report 5% growth.
Earnings of pharmaceutical companies are seen strong as prices of generics in the US are stable. For domestic-driven companies in the sector, healthy growth is seen in dermatology and ophthalmology therapies, said YES Securities. Apart from this, three constituents of the index that run hospitals across India may report on-year profit growth of 43%, on a net sales growth of 19%.
Information technology companies are expected to report better sequential growth as Apr-Jun is seasonally strong. During the quarter, Kotak Equities witnessed lower cuts in discretionary spending, especially in the financial services segment. Tata Consultancy Services, which reported Apr-Jun results on Thursday, witnessed a quarter-on-quarter rise in sales in the banking, financial services, and insurance segment after two straight quarters of decline, according to Nirmal Bang Institutional Equities.
Although, a slight uptick is expected for IT companies, the overall earnings are still expected to be muted. The combined sales of 12 IT companies is seen 4% higher and the net profit is expected to rise 10% on year. When compared on quarter, their combined sales may rise 2%, and net profit may fall 7%. TCS, HCL Technologies, and Tata Elxsi have already reported their Apr-Jun earnings.
Meanwhile, weak consumption is likely to impact earnings of fast-moving consumer goods companies, which are struggling to grow their volumes. The combined net profit of 13 FMCG companies is expected to rise 10% on year and revenue growth is seen at 3%.
Among some of the other laggards, oil companies will report lower net profits owing to the fall in gross refining margins. However, city gas distribution companies are likely to report volume growth after these took price cuts during the quarter, Nuvama Institutional Equities said. Overall, the combined net profit of 10 oil and gas companies on the Nifty 200 index is likely to decline 39% on year and revenue is seen growing 5%.
Following are the Apr-Jun consensus earnings estimates of companies that constitute the National Stock Exchange's Nifty 200 index. These estimates are based on reports compiled by Informist Media from 19 brokerage houses.
Company name Sales PAT Sales PAT Sales PAT
EBITDA
(million rupees)
Result date Number of brokerages polled
------Average------- -----(Y-o-Y)----- -----(Q-o-Q)-----
-----million rupees----- --------------% Change--------------
AUTO
Apollo Tyres + 63,594 3,945 1.84 (0.61) 1.62 11.41 10,099 -- --
Ashok Leyland 87,926 5,958 7.37 3.35 (21.96) (33.84) 10,159 -- 9
Bajaj Auto 117,403 19,575 13.88 17.58 2.23 1.11 23,511 Jul 16 11
Balkrishna Industries 25,926 4,034 22.29 29.18 (3.01) (16.10) 6,826 -- 7
Bharat Forge 30,746 3,543 44.53 13.75 32.04 (9.06) 6,724 -- 8
Bosch 42,693 5,072 2.67 24.01 0.85 (10.15) 5,800 Aug 6 3
Eicher Motors + 42,345 10,074 6.23 9.70 (0.51) (5.89) 11,302 -- 11
Escorts Kubota 22,961 2,777 (1.36) (1.80) 10.26 14.72 3,184 -- 8
Hero MotoCorp 104,846 11,958 19.59 45.00 10.14 17.69 15,667 -- 10
M&M 281,656 27,570 15.58 (0.60) 10.73 35.27 39,195 Jul 31 10
Maruti Suzuki 347,253 32,420 7.42 30.46 (9.18) (16.40) 39,510 Jul 31 11
MRF 66,911 4,688 5.82 (19.37) 7.66 23.51 10,161 -- 4
Samvardhana Motherson International + 283,145 9,395 26.05 56.36 4.64 (31.51) 27,398 -- 6
Sona Blw Precision Forgings + 8,743 1,420 19.41 26.71 (1.24) (4.52) 2,452 Jul 24 5
Tata Motors + 1,089,271 55,483 6.52 73.23 (9.22) (68.13) 149,390 Aug 1 9
Tube Investments of India + 20,321 1,649 (47.86) (23.26) (54.74) (13.00) 2,349 -- 1
TVS Motor Co 84,148 5,791 16.58 23.82 3.01 19.29 9,621 Aug 6 12
Total 2,719,889 205,352 9.75 27.27 (4.42) (37.49)
Airports and Aviation
Interglobe Aviation 182,565 20,014 9.43 (35.17) 2.42 5.68 43,123 -- 7
GMR Airports Infrastructure + 24,408 (3,121) 20.97 N.A. (0.24) N.A. 8,707 -- 1
Total 206,973 16,893 10.68 (44.75) 2.10 (4.72)
BANK
AU Small Finance Bank* 18,545 4,970 48.81 28.46 38.70 34.06 N.A. -- 8
AXIS Bank* 133,213 64,652 11.39 11.52 1.77 (9.32) N.A. Jul 24 12
Bandhan Bank* 28,936 7,992 16.18 10.84 0.95 1,363.03 N.A. -- 9
Bank of Baroda* 117,231 45,423 6.61 11.60 (0.59) (7.04) N.A. -- 11
Bank Of India* 60,250 18,000 1.88 16.05 1.50 25.09 N.A. -- 1
Canara Bank* 94,652 39,554 9.23 11.90 (1.20) 5.27 N.A. -- 3
Federal Bank* 22,811 9,585 18.89 12.27 3.92 5.76 N.A. -- 12
HDFC Bank* 295,713 157,524 25.31 31.80 1.70 (4.60) N.A. Jul 20 13
ICICI Bank* 196,194 106,039 7.64 9.91 2.76 (0.97) N.A. Jul 27 13
IDFC First Bank* 47,030 7,051 25.58 (7.85) 5.24 (2.66) N.A. Jul 27 6
Indian Bank * 62,087 23,438 8.86 37.16 3.21 4.31 N.A. -- 4
IndusInd Bank* 55,947 23,296 14.95 9.70 4.06 (0.73) N.A. -- 11
Kotak Mahindra* 70,638 36,734 13.32 6.40 2.24 (11.13) N.A. Jul 20 11
IDBI Bank* N.A. N.A. N.A. N.A. N.A. N.A. N.A. -- --
Punjab National Bank* 105,536 30,129 11.04 139.99 1.84 0.09 N.A. -- 5
SBI* 423,535 168,803 8.86 (0.02) 1.68 (18.45) N.A. -- 12
Union Bank Of India* 94,443 36,476 6.84 12.71 0.08 10.18 N.A. Jul 19 5
YES Bank* 21,898 3,812 9.51 11.28 1.71 (15.65) N.A. Jul 20 4
Total 1,848,657 783,477 12.17 14.74 1.94 (5.25)
CEMENT
ACC + 50,347 4,203 (3.20) (9.83) (6.91) (55.51) 7,456 -- 13
Ambuja Cements 47,218 5,228 (0.17) (18.93) (1.23) (1.78) 7,757 -- 9
Dalmia Bharat + 35,806 1,335 (1.20) 2.73 (16.87) (57.60) 5,640 Jul 18 11
Grasim Industries 73,120 1,519 17.23 (57.25) 8.05 (65.56) 5,404 -- 4
Shree Cement 50,337 5,585 0.69 (3.90) (1.32) (15.61) 11,640 Aug 6 14
UltraTech Cement + 180,934 17,827 2.01 5.58 (11.39) (21.05) 33,653 Jul 19 13
Total 437,762 35,697 2.93 (7.66) (6.43) (30.72)
CHEMICAL
Asian Paints + 91,935 14,118 0.12 (8.94) 5.30 12.34 19,876 Jul 17 9
Astral + 15,134 1,558 17.95 30.08 (6.88) (14.19) 2,584 -- 5
Berger Paints India + 31,089 3,362 2.62 (5.11) 23.35 51.39 5,330 Aug 9 5
Deepak Nitrite N.A. N.A. N.A. N.A. N.A. N.A. N.A. -- --
Fertilisers and Chemicals Travancore N.A. N.A. N.A. N.A. N.A. N.A. N.A. -- --
PI Industries 21,147 4,130 15.61 4.47 30.03 7.43 5,562 -- 8
Pidilite Industries + 34,864 5,271 6.45 12.59 20.14 75.36 7,894 -- 5
SRF + 33,911 3,308 1.58 (7.92) (5.00) (21.64) 6,914 -- 10
Tata Chemicals + 39,796 1,808 (5.65) (66.02) 14.52 N.A. 6,177 -- 2
UPL + 88,899 (3,318) (0.82) N.A. (36.85) N.A. 12,140 -- 6
Total 356,773 30,237 1.59 (23.36) (7.40) 54.46
CONSUMER ELECTRICAL
Voltas + 44,785 2,458 33.30 90.09 6.56 111.07 3,332 -- 9
Total 44,785 2,458 33.30 90.09 6.56 111.07
DEFENCE
Bharat Dynamics N.A. N.A. N.A. N.A. N.A. N.A. N.A. -- --
Hindustan Aeronautics 46,160 9,116 17.90 11.96 (68.74) (78.76) 9,735 -- 2
Mazagon Dock Shipbuilders + N.A. N.A. N.A. N.A. N.A. N.A. N.A. -- --
Total 46,160 9,116 17.90 11.96 (68.74) (78.76)
DIVERSIFIED
Adani Enterprises + N.A. N.A. N.A. N.A. N.A. N.A. N.A. -- --
Total N.A. N.A. N.A. N.A. N.A. N.A.
ELECTRICAL
ABB India 31,163 4,363 12.53 20.25 1.17 (5.00) 5,325 Aug 8 5
Bharat Electronics 39,124 6,890 11.44 29.80 (54.13) (61.37) 8,637 Jul 29 5
Dixon Technologies (India) + 57,297 1,202 75.14 74.72 23.01 26.34 2,271 -- 5
Havells India 55,678 4,059 15.43 41.23 2.46 (9.58) 5,825 Jul 18 9
Polycab India + 46,940 4,405 20.69 10.24 (16.06) (19.32) 6,424 Jul 18 8
Total 230,202 20,920 26.04 26.83 (15.66) (37.23)
ENGINEERING - CAPITAL GOODS
BHEL 58,632 (1,696) 17.18 N.A. (29.02) N.A. (1,130) -- 3
CG Power and Industrial Solutions + 22,711 2,325 21.19 14.11 3.62 (0.49) 3,110 -- 2
Rail Vikas Nigam 58,501 3,940 7.42 18.12 (12.69) (9.07) 3,627 -- 1
Cummins India 23,610 4,208 6.90 33.29 1.94 (25.07) 4,524 Aug 6 6
L&T + 516,094 27,798 7.78 11.51 (23.06) (36.77) 53,107 Jul 24 5
Siemens 57,315 6,589 28.13 55.51 7.86 (26.49) 8,309 -- 5
Total 736,864 43,163 10.16 26.28 (19.79) (38.39)
FINANCE
Aditya Birla Capital N.A. N.A. N.A. N.A. N.A. N.A. N.A. Aug 1 --
BSE + 6,139 2,434 136.48 (45.02) 12.70 127.36 3,166 -- 3
Jio Financial Services *+ N.A. N.A. N.A. N.A. N.A. N.A. N.A. Jul 15 --
Bajaj Finance *+ 88,821 40,331 32.19 17.35 10.85 5.45 N.A. Jul 23 8
Bajaj Finserv *+ N.A. N.A. N.A. N.A. N.A. N.A. N.A. Jul 24 --
Bajaj Holdings & Investment*+ N.A. N.A. N.A. N.A. N.A. N.A. N.A. Jul 24 --
Cholamandalam Investment and Finance * 25,854 9,529 21.55 31.25 (11.25) (9.94) N.A. Jul 26 10
ICICI Lombard General Insurance Co# 49,053 5,790 (87.38) 48.33 12.30 11.46 N.A. Jul 19 3
ICICI Prudential Life Insurance Co# 94,940 2,200 35.24 6.33 (35.80) 26.61 N.A. Jul 23 2
Indian Railway Finance Corp * N.A. N.A. N.A. N.A. N.A. N.A. N.A. -- --
L&T Finance *+ 20,439 6,345 16.61 19.51 2.84 14.56 N.A. Jul 16 6
LIC Housing Finance* 21,870 12,151 (1.01) (8.20) (2.26) 11.40 N.A. -- 8
Life Insurance Corporation of India # N.A. N.A. N.A. N.A. N.A. N.A. N.A. -- --
M&M Financial Svcs* 19,180 5,116 21.05 45.07 5.84 (17.35) N.A. Jul 23 10
Max Financial Services* N.A. N.A. N.A. N.A. N.A. N.A. N.A. Aug 13 --
One 97 Communications + 15,239 (3,864) (34.92) N.A. (32.78) N.A. N.A. Jul 19 3
PB Fintech + 9,459 392 42.12 N.A. (13.19) (35.30) 382 -- 1
Piramal Enterprises + 7,990 1,339 19.49 (73.68) 8.89 (2.33) N.A. -- 1
Poonawalla Fincorp + 5,947 2,896 41.27 28.31 5.72 (12.68) N.A. Jul 20 5
Power Finance Corp* 45,153 38,240 28.88 27.17 6.56 (7.53) N.A. -- 1
REC* 48,511 38,184 33.28 28.97 8.10 (4.93) N.A. -- 1
SBI Cards And Payment Services 14,769 6,323 19.76 6.57 4.38 (4.54) N.A. -- 8
SBI Life Insurance Co# 155,700 4,000 18.81 4.98 (38.01) (50.67) N.A. Jul 24 1
Shriram Finance* 53,000 20,286 26.18 21.08 4.18 4.25 N.A. -- 8
Total 682,064 191,693 (24.49) 16.93 (16.48) (1.68)
FMCG
Britannia Industries + 41,937 5,271 4.56 15.20 3.05 (2.08) 7,773 -- 10
Colgate Palmolive 14,352 3,321 8.42 21.35 (3.68) (12.56) 4,730 -- 10
Dabur India + 33,422 5,009 6.76 7.98 18.74 43.31 6,597 Aug 1 11
Godrej Consumer + 35,043 4,769 1.61 49.59 3.50 N.A. 7,515 -- 8
Hindustan Unilever 152,349 25,372 0.57 2.64 2.54 5.45 35,643 Jul 23 11
ITC 168,512 51,153 6.46 4.34 1.64 1.90 65,066 -- 9
Jubilant Foodworks 14,883 554 13.64 (26.35) 11.79 116.07 2,759 Aug 9 7
Marico + 26,554 4,689 7.20 9.81 16.57 47.45 6,234 Aug 5 10
Nestle India 50,585 7,990 8.59 14.41 (3.97) (14.47) 12,021 Jul 25 10
Patanjali Foods N.A. N.A. N.A. N.A. N.A. N.A. N.A. Jul 19 --
Supreme Industries + 26,903 2,935 13.58 36.15 (10.56) (17.29) 4,442 Jul 22 6
Tata Consumer Products + 43,649 3,646 16.67 15.17 11.15 68.31 6,750 -- 5
United Spirits 24,037 3,078 (54.75) 29.20 (62.41) (19.86) 3,990 Jul 23 6
Varun Beverages + 73,640 13,123 29.20 32.05 67.44 144.25 20,424 -- 6
Total 705,863 130,910 3.11 10.44 1.13 36.78
HEALTHCARE
Apollo Hospitals + 50,698 2,255 14.76 35.33 2.55 (11.17) 6,738 -- 5
Fortis Healthcare + 18,117 1,723 9.31 54.17 1.45 (3.60) 3,563 -- 1
Max Healthcare Institute + 18,813 3,438 46.41 43.19 32.22 36.66 5,043 -- 5
Total 87,628 7,415 19.06 43.03 7.48 8.40
HOTELS
Indian Hotels Co + 15,887 2,692 8.34 21.01 (16.62) (35.56) 4,763 -- 7
Total 15,887 2,692 8.34 21.01 (16.62) (35.56)
IT
Coforge + 24,290 2,239 9.36 22.41 2.99 (3.21) 4,010 Jul 22 10
Oracle Financial Services Software + N.A. N.A. N.A. N.A. N.A. N.A. N.A. -- --
Tata Technologies + 13,599 1,813 N.A. N.A. 4.52 15.27 2,540 Jul 18 2
Info Edge India 6,411 2,330 9.72 16.54 5.39 10.44 2,622 -- 3
Infosys + 390,062 63,408 2.83 6.66 2.86 (20.43) 94,715 Jul 18 13
LTIMindtree + 90,831 12,071 4.38 4.83 2.14 9.74 15,997 Jul 17 12
L&T Technology Services + 25,218 3,248 9.57 4.40 (0.62) (4.73) 4,767 Jul 18 9
Mphasis + 34,647 4,380 6.54 10.59 1.54 11.39 6,277 Jul 25 8
KPIT Technologies + 13,833 1,772 26.02 32.24 4.97 7.82 2,882 Jul 24 4
Persistent Systems + 26,894 3,042 15.86 32.99 3.82 (3.52) 4,591 Jul 18 11
Tech Mahindra + 129,634 9,087 (1.49) 31.23 0.72 37.48 15,032 Jul 25 12
Wipro + 222,092 29,627 (2.72) 3.22 0.00 4.52 44,154 Jul 19 12
Total 977,508 133,015 3.55 9.82 1.80 (7.49)
LOGISTICS
Container Corp 21,939 3,140 14.31 28.63 (5.34) 6.61 5,029 Aug 8 5
Delhivery + 21,186 (641) 9.78 N.A. 2.07 N.A. 433 -- 6
Total 43,125 2,499 12.04 61.59 (1.84) 10.53
MEDIA
Sun TV Network 13,678 6,206 3.80 6.49 47.53 55.63 7,657 -- 2
Zee Entertainment + 21,034 1,182 6.03 121.22 (3.07) 785.21 2,242 -- 4
Total 34,712 7,388 5.14 16.12 12.08 79.26
METAL
APL Apollo Tubes + 50,306 1,942 10.69 0.30 5.56 13.94 3,178 -- 6
Hindalco Industries + 583,789 36,840 10.17 50.12 4.26 16.07 75,505 Aug 13 8
Jindal Steel & Power + 131,302 12,077 4.30 (28.41) (2.65) 29.11 27,223 -- 7
JSW Steel + 426,067 11,348 0.93 (51.46) (7.92) (12.64) 62,098 Jul 19 6
NMDC 55,183 16,694 2.29 1.18 (14.78) 14.18 20,561 -- 6
Steel Authority of India 244,303 7,144 0.30 376.78 (12.62) (29.36) 24,993 -- 7
Tata Steel + 575,542 10,598 (3.25) 67.17 (1.93) 73.32 62,428 -- 8
Vedanta + 362,046 28,684 7.33 8.65 1.96 109.52 99,237 -- 3
Total 2,428,537 125,326 3.20 6.69 (2.53) 24.92
OIL & GAS
Adani Total Gas+ N.A. N.A. N.A. N.A. N.A. N.A. N.A. -- --
BPCL 1,152,091 30,152 1.97 (71.42) (1.15) (28.62) 58,803 Jul 19 10
GAIL 334,111 21,407 3.72 51.61 3.38 (1.67) 36,495 -- 10
Gujarat Gas 42,613 3,149 12.69 46.41 3.07 (23.10) 5,321 Aug 6 9
Hindustan Petroleum 1,151,894 12,205 2.88 (80.33) 0.55 (57.07) 34,853 Jul 29 10
Indian Oil Corp 1,998,242 24,495 1.16 (82.19) 0.93 (49.37) 82,628 -- 10
Indraprastha Gas 36,819 3,661 8.07 (16.50) 2.36 (4.37) 5,269 -- 10
Oil India 57,933 17,315 27.85 7.32 4.81 (14.66) 25,510 -- 8
ONGC 354,696 86,780 4.90 (13.35) 2.40 (12.07) 171,113 -- 9
Petronet LNG 141,748 8,769 21.61 11.02 2.77 18.89 13,130 Jul 24 10
Reliance Ind + 2,312,958 165,429 11.44 3.32 (1.99) (12.71) 396,847 Jul 19 8
Total 7,583,104 373,362 5.40 (38.79) (0.10) (19.64)
PHARMA
Alkem Laboratories + 31,637 4,136 6.60 44.24 7.76 40.88 5,158 -- 6
Aurobindo Pharma + 75,930 9,473 10.84 65.98 0.17 4.25 16,435 -- 10
Biocon + 39,208 1,706 14.56 68.24 0.09 25.90 8,699 -- 4
Cipla + 67,818 11,196 7.16 12.45 10.04 19.23 16,528 Jul 26 9
Divi's Laboratories 21,175 4,720 22.40 36.81 (6.26) (11.11) 6,420 -- 7
Dr Lal Pathlabs + 6,004 959 10.98 16.13 10.08 13.51 1,626 -- 5
Dr. Reddy's Lab + 72,803 13,344 7.73 (5.03) 2.34 1.88 19,722 Jul 27 11
Gland Pharma + 15,314 2,236 26.70 15.19 (0.39) 16.19 3,671 -- 6
IPCA Laboratories 21,629 1,914 45.52 14.89 43.18 195.52 3,692 -- 5
Laurus Labs + 11,582 564 (2.00) 126.88 (19.55) (25.43) 2,351 -- 5
Lupin + 52,120 5,511 8.27 21.85 5.06 53.32 10,481 -- 11
Mankind Pharma + 29,376 5,629 13.92 15.62 20.34 19.46 7,505 -- 4
Sun Pharma + 128,636 26,097 7.73 29.03 7.35 (1.69) 34,144 -- 10
Syngene International 8,160 960 14.00 27.49 (5.63) (49.42) 2,454 Jul 24 1
Torrent Pharma + 29,110 4,728 12.35 25.09 6.05 5.31 9,271 Jul 23 9
Zydus Lifesciences + 58,096 12,018 13.04 10.57 4.98 1.65 17,440 -- 8
Total 668,595 105,191 10.96 21.26 5.24 6.89
PORT
Adani Ports and SEZ + 70,273 23,326 12.48 10.30 1.90 14.36 35,525 -- 5
JSW Infrastructure + 10,306 3,264 17.37 1.72 (6.00) (1.09) 5,363 Jul 18 3
Total 80,579 26,590 13.08 9.17 0.81 12.21
POWER & ENERGY
Adani Energy Solutions + N.A. N.A. N.A. N.A. N.A. N.A. N.A. -- --
Adani Green Energy + N.A. N.A. N.A. N.A. N.A. N.A. N.A. -- --
Adani Power + N.A. N.A. N.A. N.A. N.A. N.A. N.A. -- --
Coal India + 359,709 73,609 (0.03) (7.65) (3.85) (15.22) 92,739 -- 5
JSW Energy + 30,064 2,214 2.68 (23.62) 9.09 (36.98) 11,213 -- 1
NHPC 23,926 8,931 (6.94) (15.18) 44.87 28.00 12,813 -- 1
NTPC 425,522 45,239 8.77 11.26 0.05 (18.58) 121,243 -- 3
Power Grid 116,127 39,345 13.35 11.06 5.09 (4.68) 99,217 -- 3
SJVN N.A. N.A. N.A. N.A. N.A. N.A. N.A. -- --
Suzlon Energy + 22,834 3,015 69.01 198.81 3.97 18.64 3,416 -- 2
Tata Power + 176,474 8,316 16.00 (14.49) 11.36 (7.11) 27,388 -- 2
Torrent Power + N.A. N.A. N.A. N.A. N.A. N.A. N.A. -- --
Total 1,154,655 180,669 7.50 0.39 1.78 (12.15)
REALTY
DLF + 15,478 6,649 8.75 26.17 (27.50) (27.78) 4,859 -- 4
Godrej Properties + 13,333 4,336 42.44 247.05 (6.50) (7.99) 2,197 -- 3
Macrotech Developers + 27,153 4,531 67.88 153.98 (32.43) (31.92) 7,464 -- 3
Oberoi Realty + 10,390 4,178 14.18 29.89 (20.97) (46.98) 5,642 Jul 19 4
Prestige Estates + 23,302 1,107 38.63 (58.54) 7.68 (20.95) 6,751 -- 3
Total 89,656 20,801 36.51 46.60 (18.92) (30.33)
RETAIL
Aditya Birla Fashion 35,509 (1,974) 18.87 N.A. 24.48 N.A. 3,346 -- 7
FSN E-Commerce Ventures + 17,585 149 23.68 351.11 5.43 114.98 974 -- 3
Kalyan Jewellers India+ 55,791 1,867 27.50 29.75 23.03 35.69 3,754 Aug 1 1
Page Industries 13,054 1,694 5.92 6.99 31.15 56.58 2,558 -- 7
Titan Co 121,814 7,501 9.30 (3.47) 8.21 (4.57) 11,870 -- 6
Trent 37,262 3,175 46.91 114.11 16.92 (51.48) 5,830 -- 5
Zomato + 39,698 2,613 64.31 12,966.67 11.45 49.33 1,733 -- 3
Total 320,713 15,025 22.81 26.88 14.31 (15.05)
TELECOM
Bharti Airtel + 385,759 34,791 3.03 115.76 2.60 67.94 200,483 -- 6
Indus Tower + 74,907 15,419 5.86 14.39 4.14 (16.80) 38,321 Jul 30 2
Tata Communications + 58,055 2,487 21.67 (34.85) 2.00 (22.58) 10,957 Jul 18 3
Vodafone Idea + 105,869 (80,474) (0.64) N.A. (0.19) N.A. 42,635 -- 4
Total 624,591 (27,778) 4.20 N.A. 2.24 N.A.
TRAVEL & TOURISM
IRCTC 11,434 2,954 14.14 27.19 (0.98) 3.86 3,758 -- 2
Total 11,434 2,954 14.14 27.19 (0.98) 3.86
Grand Total 22,136,716 2,445,064 5.73 0.46 (2.45) (11.16)
EARNINGS DECLARED SO FAR
Company Name Sales Informist estimates PAT Informist estimates EPS (in Rupees) Result Date
Bank of Maharashtra* 27,991.00 N.A. 12,935 N.A. 1.83 Jul 15
HCL Tech + 280,570 280,107 42,570 37,906 15.69 Jul 1
HDFC Asset Management Co 7,752 7,662 6,040 5,713 28.19 Jul 15
HDFC Life Insurance Co# 125,096 135,925 4,777 5,100 N.A. Jul 15
Tata Elxsi 9,265 9,286 1,841 1,972 29.55 Jul 10
TCS + 626,130 622,132 120,400 120,047 33.28 Jul 1
Notes:
+ Consolidated Figure
* Net interest Income
Y-o-Y: Year-on-Year
# Net premium income
Q-o-Q: Quarter-on-Quarter
N.A.: Not Available
Estimates from:
Anand Rathi Share and Stock Brokers Ltd, Axis Securities Ltd, Elara Securities (India) Pvt Ltd, Emkay Global Financial Services Ltd, HDFC Securities Ltd, ICICI Securities Ltd, IDBI Capital Market Services Ltd, Incred Research Services Pvt Ltd, Indsec Securities and Finance Ltd, Kotak Institutional Equities, KR Choksey Research, Motilal Oswal Financial Services Ltd, Nirmal Bang Equities Pvt Ltd, Nomura Equity Research, Nuvama Wealth Management Ltd, PhillipCapital (India) Pvt Ltd, Prabhudas Lilladher Pvt Ltd, Sharekhan Ltd and YES Securities (India) Ltd. End
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