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From the sidelines of Kotak Institutional Equities and global investor conference, Lokesh Garg who tracks the capital goods space shared is readings and outlook on that space in an interview to CNBC-TV18.
Engineering company Crompton Greaves is set to announce its results for the third quarter of financial year 2012-13 on Tuesday. Analysts on an average expect the company to report weak numbers in the quarter.
Nirmal Bang has come with its December quarterly earning estimates for capital goods sector. According to the research firm, capital goods companies are expected to report modest revenue growth of 1.0% YoY at Rs 219 bn.
Kotak Securities has come with its December quarterly earning estimates for capital goods sector. According to the research firm, capital goods companies are expected to post aggregate revenue growth of 10.4% YoY in the Dec-ending quarter, driven mainly by L&T, Cummins, and other midcaps.
Motilal Oswal has come with its December quarterly earning estimates for capital goods sector. According to the research firm, capital goods universe is expected to continue moderation in revenue growth in 3QFY13, impacted by depleting order book and execution constraints.
Angel Broking has come with its December quarterly earning estimates for Capital Goods (CG) sector. According to the research firm, companies in our capital goods (CG) universe are expected to post a moderate cumulative top-line growth of 7.4%.
Motilal Oswal has come with its September quarterly earning estimates for Capital Goods sector. According to the research firm, revenue growth in 2QFY13 is expected to moderate to 8% YoY (v/s 17% YoY in 1QFY13), given the depleting order books and constrained environment.
Angel Broking has come with its September quarterly earning estimates for Capital Goods (CG) sector. According to the research firm, companies in our capital goods (CG) universe are expected to post a moderate cumulative top-line growth of 13%.
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.
Crompton Greaves will declare its first quarter results today. In an interview to CNBC-TV18, Lokesh Garg, associate director at Kotak Institutional Equities speaks about his expectations from the company.
Crompton Greaves is to announce its first quarter results. According to CNBC-TV18's estimates, the company's Q1FY13 net sales are seen up 13% at Rs 2,747 crore versus Rs 2,438 crore, Year-on-Year, YoY.
Angel Broking has come with its June quarterly earning estimates for Capital Goods (CG) sector. According to the research firm, companies in our capital goods (CG) universe are expected to post moderate cumulative top-line growth of 7.9% yoy.
Prabhudas Lilladher has come with its June quarterly earning estimates for capital goods sector. According to the research firm, capital goods companies are expected to grow by 3.5% YoY in Q1FY13.
Engineering conglomerate Crompton Greaves' profit after tax is expected go down 29% over a year ago period to Rs 179 crore for the fourth quarter of FY12, according to CNBC-TV18 poll.
Motilal Oswal has come with its quarterly earning estimates on capital goods sector for March 2012. The research firm, is Neutral on the sector and expects re-rating once there is visibility in government and private capex and has preferred L&T, Cummins India and Havells India from the sector.
Prabhudas Lilladher has come out with its earnings estimates on Crompton Greaves (CG) for March FY12. According to the research firm, company's Q4FY12 sales are likely to go up by 14.9% at Rs 3341.2 crore, Year-on-Year (YoY) basis.
Angel Broking has come with its quarterly earning estimates on capital goods sector for March 2012. The research firm expects, companies in capital goods (CG) universe to post average top-line growth of 10.9%.
KRChoksey has come with its quarterly earning estimates on power & capital goods sector for March 2012. According to the research firm, imposition of import duty on power equipment would be another positive for Indian capital goods industry is a key factor to watch out for.
Prabhudas Lilladher has come with its March quarterly earning estimates for capital goods sector. As per the research firm, the end of tightening cycle and meaningful reforms will be the key for the sector to move from underperformance to outperformance.
Crompton Greaves was one of the most hyped stocks in the second quarter. The company posted a 58 % drop in net profits, sale of shares by former vice-chairman S M Trehan and the company's decision to acquire a jet plane for Rs 270 crore proved to be costly.
Transformer manufacturer Crompton Greaves' net sales jumped 26.4% to Rs 3,030 crore from Rs 2,397 crore year-on-year.
Transformer manufacturer Crompton Greaves' net sales are seen going up by 12% to Rs 2,693 crore from Rs 2,397 crore year-on-year. EBITDA is likely to go down 26% to Rs 252 crore from Rs 340 crore during the same period.
Transformer manufacturer Crompton Greaves is expected to report a consolidated profit after tax of Rs 140 crore in the third quarter of FY12, falling 40% as compared to Rs 233 crore in a year ago quarter.
KRChoksey has come with its December quarterly earning estimates for power & capital goods sector.
Know Your Investment, helps investors take a prudent call on their investments. This week, Hemang Mamtora, Vice President- Equity Advisory Desk, Emkay Global Financial Services Ltd gives his take on various sectors and stocks.