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KR Choksey has come with its September quarterly earning estimates for power and capital goods sector. According to research firm, the sales growth is expected on back of carry forward orders.
The second quarter earnings season will kick off with IT major Infosys announcing its results on October 12. Dhananjay Sinha of Emkay Global told CNBC-TV18 that sales growth of IT companies will be muted for Q2.
State-owned power equipment manufacturer BHEL will announce its results today for the quarter ended June 2012. Analysts on an average expect the profit after tax to grow by 4.2% year-on-year to Rs 850 crore in the quarter, but they see a drop of 75% quarter-on-quarter in profit.
Angel Broking has come with its June quarterly earning estimates for Capital Goods (CG) sector. According to the research firm, companies in our capital goods (CG) universe are expected to post moderate cumulative top-line growth of 7.9% yoy.
Prabhudas Lilladher has come with its June quarterly earning estimates for capital goods sector. According to the research firm, capital goods companies are expected to grow by 3.5% YoY in Q1FY13.
Emkay Global Financial Services has come with its June quarterly earning estimates for Engineering & Capital Goods (ECG) sector. According to the research firm, revenue growth would moderate to 11% (YoY) to Rs 276.9 bn.
After taking into account a tight macro-economic environment, Bharat Heavy Electrical Ltd (BHEL) has given conservative order inflow guidance at 14,000-15,000 megawatt (MW) for financial year 2012-13.
State-owned capital goods company BHEL already announced its provisional numbers for the fourth quarter of FY12 and financial year in April. The company will declare its audited results today.
Motilal Oswal has come with its quarterly earning estimates on capital goods sector for March 2012. The research firm, is Neutral on the sector and expects re-rating once there is visibility in government and private capex and has preferred L&T, Cummins India and Havells India from the sector.
Prabhudas Lilladher has come out with its earnings estimates on Bharat Heavy Electricals (BHEL) for March FY12. According to the research firm, company's Q4FY12 sales are likely to go up by 12% at Rs 20072 crore, Year-on-Year (YoY) basis.
Angel Broking has come with its quarterly earning estimates on capital goods sector for March 2012. The research firm expects, companies in capital goods (CG) universe to post average top-line growth of 10.9%.
KRChoksey has come with its quarterly earning estimates on power & capital goods sector for March 2012. According to the research firm, imposition of import duty on power equipment would be another positive for Indian capital goods industry is a key factor to watch out for.
Prabhudas Lilladher has come with its March quarterly earning estimates for capital goods sector. As per the research firm, the end of tightening cycle and meaningful reforms will be the key for the sector to move from underperformance to outperformance.
Bharat Heavy Electricals' (BHEL) provisional Q4 profit rose 15% to Rs 3,208 crore, YoY, its revenues also grew 13% to Rs 20,741 crore. However, order inflow was down 63%, YoY. BP Rao of BHEL says, next fiscal, the company is targeting about 15,000-16,000 megawatts (MW) orders.
Bharat Heavy Electricals will release its provisional numbers today. CNBC-TV18 expects BHEL's Q4 standalone provisional revenue to be up 13% at Rs 20,775 crore versus Rs 18,380 crore on year-on-year basis.
Emkay Global Financial Services has come with its March quarterly earning estimates for engineering & capital goods sector. As per the research firm, FY12E is expected to close on a lackluster note.
State-owned BHEL is expected to report a profit after tax of Rs 1,427 crore in the third quarter of FY12, a moderate growth of 2% as compared to Rs 1,403 crore in a year ago quarter.
KRChoksey has come with its December quarterly earning estimates for power & capital goods sector.
State-owned BHEL is expected to report a profit after tax of Rs 1,250 crore in the second quarter of FY12, a growth of 9% as compared to Rs 1,142 crore in the corresponding quarter of last fiscal.
Angel Broking has come out with its earning estimates on capital goods sector for the quarter ended September 2011. According to the research firm, BHEL September quarter net sales are expected to go up by 19.3% at Rs 10129 crore, year-on-year (YoY) basis.
State-run BHEL is expected to report a rise of 28% in its first quarter FY12 standalone profit after tax to Rs 857.90 crore against Rs 667.65 crore in the corresponding quarter last fiscal.
Angel Broking has come out with its earning estimates on capital goods for the quarter ended June 2011. According to the research firm, BHELJune quarter sales are expected to go up by 25% at Rs 8251crore, year-on-year, (YoY) basis.
Bharat Heavy Electricals (BHEL) said it expects 60% of the orders in fiscal year 2011-12 to come from the supercritical segment.
SP Tulsian of sptulsian.com spoke to CNBC-TV18's Mitali Mukherjee gave his perspective of BHEL's fourth quarter performance and how it is expected to do in future.
Speaking to CNBC-TV18, Shailesh Kanani, Sr. Research Analyst of Angel Broking, said that L&T's order inflow data will prove as an important parameter in determining its Q4 results.