Analysts expect generation volumes to remain sluggish and realisations to remain flattish. They further expect coal business and renewable business to maintain strong momentum.
Net interest income during the quarter is seen falling 1.3 percent to Rs 2,826.6 crore compared to Rs 2,862.6 crore in year-ago, according to average of estimates of analysts polled by CNBC-TV18.
Provisions are expected to remain elevated due to stressed assets & treasury portfolio.
Analysts said if slippages come below Rs 3,500 crore (against Rs 3,451 crore in Q2FY18), gross non-performing assets improve (from 11.16 percent), and domestic net interest margin above 2.65 percent (2.68 percent) then that would be taken positively by the Street.
Operating profit is expected to increase 16.7 percent year-on-year to Rs 791 crore and margin may expand 70 basis points to 19.3 percent in Q3.
Europe and Rest of World sales are likely to grow 15-18 percent YoY while API business is likely to be flat.
Analysts expect VECV realisations at Rs 15.73 lakh per unit against Rs 15.99 lakh unit in year-ago.
Analysts expect a mixed bag for the company this quarter. Revenues may be strong due to 16 percent YoY increase in volumes.
Analysts expect US revenue to decline 30-35 percent YoY in Q3FY18 while India should continue recovering post GST.
Profit is expected to be at Rs 27.8 crore in Q3FY18 against Rs 43.9 crore in previous year, according to average of estimates of analysts polled by CNBC-TV18.
Standalone (domestic business) net loss is expected to be at Rs 7 crore for the quarter, down from Rs 1,012 crore in year-ago due to improvement in operational performance and higher revenue post strong commercial volume growth in Q3.
Operating profit may jump 23.5 percent to Rs 264 crore and margin may expand 120 basis points to 25.7 percent compared to year-ago.
The company’s sales could rise 18 percent at Rs 10,997 crore versus Rs 9,311 crore posted during the same quarter last year.
Analysts expect realisations to rise 4.2 percent YoY to Rs 62,022 per unit, driven by improvement in product mix and price hikes taken on November 1.
Operating profit is seen rising 31 percent year-on-year to Rs 480.8 crore and margin may expand 120 basis points to 10.8 percent in Q3.
Realisations may increase 8.3 percent YoY and 1 percent QoQ to Rs 14.9 lakh per unit. due to BS 4 related price hikes and better product mix. However, higher discount QoQ is expected to impact realisations.
At the operating level, it could rise 11 percent at Rs 6,504 crore against Rs 5,879 crore.
The revenue may rise 8 percent to Rs 20,964 crore. At the operating level, the EBITDA is seen rising 14 percent at Rs 5,968 crore.
The total income could rise 23 percent at Rs 17,225 crore against Rs 14,012.4 crore.
The revenue may rise 8 percent at Rs 581 crore against Rs 537.7 crore.
Operating profit is seen rising 20 percent year-on-year to Rs 273 crore and margin may be flat at 13.1 percent (13.2 percent YoY) for quarter ended December 2017.
Analysts expect domestic volume growth at around 12-15 percent for the quarter against 7.2 percent in Q2FY18 and negative 5 percent in Q3FY17.
According to analysts, loan growth may take a hit and slippages are expected to remain elevated.
Any net interest margin above 9 percent (9.3 percent in Q2FY18) and improvement in gross non-performing assets (from 5.76 percent in Q2) will be positive.
Analysts expect loan growth at around 8-10 percent in Q3FY18 against 6.3 percent in Q2FY18.