Positive turnaround stories of Q4 FY07

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Positive turnaround stories of Q4 FY07

Fourth quarter earnings season is over and market is preparing itself for the first quarter result season of FY08. 175 companies out of the BSE 200 have announced their results so far.

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Fourth quarter earnings season is over and market is preparing itself for the first quarter result season of FY08. 175 companies out of the BSE 200 have announced their results so far. Amongst the Sensex companies, except ONGC, all have come out with their results.

For the quarter ending March 2007, Sensex companies (excluding banking companies and ONGC ) have shown a top line growth of 23% YoY to Rs 1,17,536 cr, while the bottomline has grown by 35.2% to Rs 18,722 cr.

The total income of banking companies on the Sensex like HDFC , HDFC Bank , ICICI Bank , SBI, has grown by 38% YoY to Rs 27,048 cr. NII has risen by 32.4% YoY. 

According to Anagram's research report, analysis of 175 companies, part of BSE 200 index is segregrated into three main categories: sectors that recorded the highest topline growth are construction and IT/ITES, sectors that recorded highest operating profit growth are construction, pharma, telecom and the sectors that showed the highest operating margin growth are telecom, entertainment&media and cement. 

There are nearly 227 companies that have given a turnaround story in Q4 of FY07 over Q4 of FY06. The list shows companies that registered profit in the quarter ended March 2007 as compared to loss in the corresponding quarter previous year.

The company to top the list is HFCL . The company's sales has grown by Rs 94.19 cr YoY and profit by Rs 980.96 cr YoY.

Next in line is IFCI . The net profit and net sales have grown by Rs 669.54 cr and Rs 748.68 cr respectively (YoY).

DRL is the third company in this list. Net profit and Net sales have grown respectively by Rs 282.9 cr and by Rs 499.86 cr (YoY).

MRPL 's net profit and net sales has grown respectively by Rs 211.38 cr and Rs 264.02 cr.

Mafatlal Ind 's net profit and net sales respectively grew by Rs 131.64 cr and by Rs 162.24 cr (YoY).

Bank of Maharashtra has been the best turnaround story amongst the 20 public sector banks in terms of significant increase in market cap between the period June 19, 06-June 19, 07. In terms of their profit and sales also they have shown a robust growth. The company's net profit and net sales grew by Rs 108.68 cr and Rs 132.5 cr (YoY).

Some of the other companies that have made it to the list are Zee Entertainment , Hindustan Motors , Madras Cement , Neyveli Lignite etc.

Interestingly, most of these positive turnaround stories are small and mid sized companies. So keep a track of these companies performances in the coming quarter.

Table on the next page

By-Piyu Sen