Sintex Ind, Greenply results preview for Q3FY12: PINC

PINC Research has come with its December quarterly earning estimates for Miscellaneous. The research firm expects Jain Irrigation to report a forex loss of Rs570mn due to rupee depreciation against the dollar and Euro.

PINC Research earning estimates:

• Mid-cap firms are expected to report forex losses in Q3FY12 due to rupee depreciation against the Dollar and Euro.
• Sintex is expected to incur forex loss to the tune of Rs586mn in Q3FY12 due to rupee depreciation. We also expect margins to fall by 50bps QoQ due to slowdown in monolithic construction (especially in Railway, Slum and Defence).
• HSIL is expected to incur loss of Rs25-27mn due to soda ash import and Greenply is expected to incur a forex loss of Rs106mn due to rupee depreciation in Q3FY12.
• We expect Jain Irrigation to report a forex loss of Rs570mn due to rupee depreciation against the dollar and Euro.

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.