Electrical energy solutions provider Crompton Greaves is expected to turn black with profit of Rs 51 crore in April-June quarter against loss of Rs 102 crore in preceding period, according to average of estimates of analysts polled by CNBC-TV18.
Revenue is likely to be at Rs 1,428 crore for the quarter against Rs 1,670 crore in previous quarter.
Operating profit in Q1 is expected to be at Rs 130 crore against Rs 155 crore and margin at 9 percent compared with 9.3 percent on sequential basis.
Earnings are not comparable YoY with the demerger of the consumer business and the sale of the international power business. It had accepted the revised sale offer for the overseas T&D business from First Reserve International, a US-based private equity firm, for an enterprise value of 115 million euro on a debt-free & cash-free basis.
Analysts expect strong revenue growth during the quarter as they see strong growth in the industrial segment.
Key factors to watch out for:-Timeline on the completion of international business' sale (management has guided for October 2016)-Likely cash flow position thereafter-Update on sale of its automation business company ZIV
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