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Sanjeev Zarbade of Kotak Securities tells CNBC-TV18 that he is not too optimistic about L&T's results, adding that he is expecting a 60-70 basis point decline in margins this quarter.
Crompton Greaves announced its second quarter FY 12 results. The Crompton Greaves numbers are in line with our expectations, said Shailesh Kanani, research analyst of Angel Broking to CNBC-TV18 in an interview. According to him, the main problem for the company is on the margin front. Angel Broking maintains a neutral rating on the stock.
Crompton Greaves is expected to report a fall of 33% YoY in consolidated profit after tax of Rs 144 crore in the July-September quarter of 2011. The company had posted a profit of Rs 213 crore in the corresponding quarter of last fiscal.
Angel Broking has come out with its earning estimates on capital goods sector for the quarter ended September 2011. According to the research firm, Crompton Greaves September quarter net sales are expected to go up by 6% at Rs 2542 crore, year-on-year (YoY) basis.
Power equipment and electrical appliances maker Crompton Greaves is seeing a delay in new orders in the domestic market due to a slowdown in project finalisation by customers, its chief executive said on Wednesday.
Speaking to CNBC-TV18, independent analyst Sandeep Bharadwaj said investors to stay away from the stock right now.
Crompton Greaves is expected to report 9% rise in its first quarter FY12 consolidated profit after tax to Rs 208.78 crore against Rs 190.85 crore in the year ago period.
Angel Broking has come out with its earning estimates on capital goods for the quarter ended June 2011. According to the research firm, Crompton Greaves June quarter sales are expected to go up by 8% at Rs 2486crore, year-on-year, (YoY) basis.
In an exclusive interview with CNBC-TV18, managing director of the company, SM Trehan says that they have seen lesser orders from the power sector. He holds that the results were affected both by the increase in volatility in commodity pricing and also the lower inflow of orders that added pressure on the pricing.
Crompton Greaves net profit for the fourth quarter (January to March) rose a meager 5% to Rs 285 crore from Rs 270 crore posted in the same quarter last year. The electrical equipment major’s net sales were up 16% at Rs 2,908 crore as against Rs 2,508 crore.
Crompton Greaves, which reported lower-than-expected fourth quarter numbers, cited pricing pressure and dearth of orders as the reason behind its poor porformance.
Crompton Greaves is set to declare its fourth quarter adjusted profit after tax of Rs 278 crore, grew 3% as compared to Rs 270 crore in same quarter the previous year.
Motilal Oswal has come out with its earning estimates on engineering sector for the quarter ended March 2011. According to the research firm, Crompton Greaves March quarter net sales are expected to go up by 13.7% at Rs 1839.4 crore, year-on-year, (YoY) basis.
Angel Broking has come out with its earning estimates on capital goods sector for the quarter ended March 2011. According to the research firm, Crompton Greaves March quarter net sales are expected to go up by 7.5% at Rs 2415 crore, year-on-year, (YoY) basis.
Prabhudas Lilladher has come out with its earning estimates on capital goods sector for the quarter ended March 2011. According to the research firm, Crompton Greaves March quarter sales are expected to go up by 10.7% at Rs 2775.6 crore, year-on-year, (YoY) basis.
KRChoksey has come out with its earning estimates on Power & Capital Goods sector for the quarter ended March 2011. According to the research firm, Crompton Greaves March quarter sales are expected to go up by 11% at Rs 2776 crore, year-on-year, (YoY) basis.
Speaking to CNBC-TV18, SM Trehan, managing director of the company said growth in power segment came in muted at 2%. "It is expect to be at 3-5% range in fourth quarter," he added.
Angel Broking has come out with its earning estimates on capital goods for the quarter ended December 2010. According to the research firm, Crompton Greaves December quarter sales are expected to go up by 7.5% to Rs 2415 crore, Year-on-Year, (Y-o-Y) basis.
Prabhudas Lilladher has come out with its earning estimates on capital goods sector for the quarter ended December 2010. According to the research firm, Crompton Greaves December quarter sales are expected to go up by 10.2% to Rs 2475.1 crore, Year-on-Year, (Y-o-Y) basis.
KRChoksey has come out with its earning estimates on power & capital goods sector for the quarter ended December 2010. According to the research firm, Crompton Greaves December quarter sales are expected to go up by 15% to Rs 2578 crore, Year-on-Year, (Y-o-Y) basis.