Q2 earnings: 9 stocks that beat estimates; 10 that didn't
With the September quarter earnings season just concluded, analysts are now taking stock of the numbers, and the hits and misses.
November 19, 2012 / 08:21 IST
Moneycontrol Bureau
With the September quarter earnings season just concluded, analysts are now taking stock of the numbers, and the hits and misses.Following is brokerage house Motilal Oswal's assessment of the earnings season:* Aggregate performance is in line with estimates: Sales grew 12% YoY(v/s estimate of 13%), EBIDTA grew 6% (v/s estimated 8%) and Profit After Tax 8% (v/s estimated 9%).* Aggregate EBITDA margin (excluding financials) is down 130 basis points YoY (estimated 120 bps); Metals and Telecom are the key contributors to the margin decline.* Profit after tax growth was led by Cement (+63%, in line with estimates), Technology (+36%, YoY, in line with estimate), Health Care (+34% YoY), followed by Private Banks (+27%, in line with estimate).Companies whose second quarter numbers were better than market estimates:MarutiDr Reddy'sIDFCSun PharmaZee EntNTPCL&THCL TechICICI BankCompanies which reported disappointing numbers:Tata SteelCadilaUnited SpiritsSAILCairn IndiaTata MotorsPNBONGCReliance Inds Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
