Crompton Greaves Q1 PAT may dip 22.5% at Rs 76 cr: MOST
Motilal Oswal expects Crompton Greaves to report a 201.6 percent growth quarter-on-quarter (degrowth of 22.5 percent year-on-year) in net profit at Rs 76.2 crore.
August 05, 2013 / 17:20 IST
Motilal Oswal has come out with its first quarter (April-June) earnings estimates for the capital goods sector. The brokerage house expects Crompton Greaves to report a 201.6 percent growth quarter-on-quarter (degrowth of 22.5 percent year-on-year) in net profit at Rs 76.2 crore.
Revenues are expected to decrease by 13.1 percent Q-o-Q (up 4.7 percent Y-o-Y) to Rs 2,944.3 crore, according to Motilal Oswal.Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 95.5 percent Q-o-Q (down 15 percent Y-o-Y) to Rs 152.3 crore.Motilal Oswal report on Crompton GreavesPower Systems revenue is likely to show significant decline due to unstable operations for one month in the Kanjurmarg factory. Industrial revenue would remain at muted levels due to continued slowdown in Industrial capex, despite higher exports driven by Manideep factory and weakening Rupee.We expect overseas operations to turn around during 1Q (EBITDA margin at 1.5 percent), while revenues in EUR terms is likely to show moderate growth of 3 percent Y-o-Y.In the domestic power segment, order intake is likely to be robust, driven by pick-up in ordering from SEBs. Revenues in consumer
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