3 cos that hit their earnings targets

CNBC-TV18's Research Analyst, Kanchi Gandhi shares her observations about some of the companies that hit their earnings expectations. She has some positive news about GMR Infra, Vishal Retail and Cipla.

GMR Infra

Very good set of numbers, in line with street expectations. The revenues were up 50% - mainly power sector revenues  were up 60% and aero revenues were up by 70%. The margins have been hit slightly below expectations and this was mainly because power as a segment has clocked in lower margins this quarter.

PAT is up 20% and it has been hit mainly because of higher depreciation and interest costs on the power plant at Vemagiri. But overall, the results have been very good and above street expectations.

Vishal RetailVery good set of numbers, the quarterly retail sales are at Rs 300 crore above the first half sales, the margins are up at around 13.6% and net profit is around Rs 15.6 crore. The store rollout has been good this quarter and it has set up 27 more stores this quarter. The footfalls have been higher up at 69% YoY basis, the margins have done very well and there has been significant expansion mainly because of better sourcing efficiencies.

The sales are up 25% and net profit up 14%, the kick in has come in from technical fields, they have earned 75 crore, exports have grown 22% and domestic growth has been up 19%.