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. L&T is expected to drive growth in sales.
Operating margins are expected to be under pressure considering intense competition and subdued order inflow, which has lead to aggressive biding in the industry.
Higher interest cost on account of stretched working capital is expected to impact net profit growth, epsecially in MHE & transmission space.
| Sales (Rs Cr) | PAT (Rs Cr) | |||
| FY13E | FY14E | FY13E | FY14E | |
| L&T | 61,287 | 70,263 | 4,659 | 5,140 |
| BHEL | 50,455 | 46,574 | 6,221 | 5,740 |
| Crompton Creaves | 8,513 | 12,790 | 14,264 | 620 |
| ABB | 8,543 | 9,884 | 363 | 594 |
| KEC International | 1,815 | 6,383 | 6,826 | 205 |
| Kalpataru Power | 1,366 | 6,357 | 6,969 | 200 |
| Jyoti Structures | 420 | 2,905 | 3,098 | 82 |
| Tecpro Systems | 2,932 | 3,164 | 128 | 138 |
| BGR Energy | 2,116 | 3,848 | 4,481 | 199 |
| Elecon Engg | 466 | 1,756 | 1,871 | 73 |
| Sterlite Tech | 1,212 | 3,072 | 3,664 | 85 |
| TRIL | 631 | 665 | 22 | 25 |
| Adani Power | 12,034 | 8,407 | 13,521 | 604 |
| EMCO | 970 | 1,029 | 26 | 28 |
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!
