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Without divulging details about the $1.2 billion binding bid that Yes Bank received last week, Gill said it was backed by a "large US financial institution."
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The capital goods companies (excluding L&T) have announced orders worth Rs 14,500 crore for Q4FY19, down 55 percent YoY
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Net Sales are expected to increase by 10.9 percent Y-o-Y (up 25.1 percent Q-o-Q) to Rs. 1,897.2 crore, according to Edelweiss.
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Crompton Greaves is likely to report net profit at Rs 44 crore in July-September, down 11 percent from Rs 50 crore in corresponding quarter last fiscal. According to a CNBC-TV18 poll, its revenue may grow 3 percent at Rs 1396 crore in Q2 compared to Rs 1350 crore in year-ago period.
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While maintaining outperform rating on the stock, Macquarie raised FY18 earnings per share forecast and target price by 6 percent (to Rs 92 from Rs 87) on the back of higher margin forecast.
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Analysts expect strong revenue growth during the quarter as they see strong growth in the industrial segment.
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Sales are expected to decrease by 13.2 percent Q-o-Q to Rs 1450 crore, according to ICICI Securities
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Siemens is undergoing huge transformation, bottlenecking its manufacturing line and downsizing its people and facilities, says Prakash Diwan of prakashdiwan.in.
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The Avantha Group company posted a consolidated loss of Rs 107 crore in Q3 due to lower revenue and weak operational performance. Profit stood at Rs 274.3 crore in year-ago period and Rs 52.14 crore in preceding quarter.
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Revenue may be supported by the consumer products segment that is likely to report 10-15 percent growth while power systems segment may limit growth and overseas revenue may face currency headwinds.
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Operating profit during the quarter is seen falling 19 percent to Rs 136 crore and margin may contract by 80 basis points to 4.1 percent compared to year-ago period.
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Consolidated profit is likely to increase 17.4 percent to Rs 75.2 crore in June quarter compared to Rs 64 crore in the corresponding quarter of last fiscal.
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In an interview to CNBC-TV18, Nischal Maheshwari of Edelweiss, says capital goods and private banks will post stronger numbers while metals and cement Q1 results would be a drag on the market.
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Crompton Greaves's fourth quarter consolidated profit after tax is expected to increase 18.5 percent year-on-year to Rs 75.6 crore, according to CNBC-TV18 poll.
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Crompton Greaves' third quarter consolidated profit after tax is seen rising 41.7 percent year-on-year to Rs 87.9 crore, according to the average of estimates of analysts polled by CNBC-TV18.
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Net sales may increase 9.5 percent to Rs 3,508 crore in the quarter ended September 2014 from Rs 3,205 crore in corresponding quarter last fiscal driven by overseas business especially due to growth from international power systems.
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Crompton Greaves will announce its third quarter earnings (October-December) today. EBITDA margin may drop to 0.1 percent versus 5.5 percent.
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Standalone consumer business (domestic) will drive the revenues while some improvement in international operations will help margin growth, feel analysts.
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The drop in Crompton Greaves' profit may be on account of lower losses from subsidiaries. Some analysts believe Crompton‘s turnaround story will play out during April-June quarter while some still believe strain in profitability witnessed in FY12 / FY13 is likely to persist at least in the near-to-mid term.
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KR Choksey expects Crompton Greaves to report a 111 percent growth quarter-on-quarter (degrowth of 38 percent year-on-year) in net profit at Rs 53 crore.
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Motilal Oswal expects Crompton Greaves to report a 201.6 percent growth quarter-on-quarter (degrowth of 22.5 percent year-on-year) in net profit at Rs 76.2 crore.
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Major broking firms are bearish on Crompton Greaves post dismal fourth quarter results. Morgan Stanley however, remains overweight on the stock.
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Crompton Greaves' fourth quarter profit after tax will fall 30.2 percent year-on-year to Rs 70 crore because of continued losses in the subsidiaries.
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Nirmal Bang has come with its March quarterly earning estimates for capital goods sector. According to the research firm, capital goods sector is expected to report subdued performance for an otherwise seasonally strong January-March quarter.
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Kotak Securities has come with its March quarterly earning estimates for capital goods sector. The research firm expects aggregate revenue growth of capital goods sector to be 6.7% YoY in the Mar-ending quarter, driven mainly by L&T, Cummins, and other midcaps and aggregate PAT is expected to post modest growth of 2.7% yoy in Q4 FY13.
