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The research firm said that Q1 operating profit was 3 percent below estimates. Higher e-auction prices along with stable costs can drive 34 percent EPS growth in FY19.
Solar Industries clocked close to 32 percent growth in sales during the quarter ended June 2018, even in a slightly dull environment, thanks to its timely diversification.
Net Sales are expected to increase by 21.4 percent Y-o-Y (down 13.5 percent Q-o-Q) to Rs. 23,265.8 crore, according to ICICI Direct.
The company is expected to report an earnings per share (EPS) of about Rs 27 a share in FY19.
The company reported a fall of over 52 percent in the net profit for March quarter at Rs 1,295 crore. A steep increase in its gratuity payout/employee benefit expenses at Rs 16,654 crore dragged its results.
Net Sales are expected to decrease by 2.8 percent Y-o-Y (up 4.1 percent Q-o-Q) to Rs. 22,524.6 crore, according to ICICI Direct.
Coal India posted a good set of earnings in Q3 as e-auctions surprised positively but fuel supply agreement realisations were a drag. In an interview with CNBC-TV18, Gopal Singh, CMD of Coal India spoke about the results and his outlook for the company.
Coal India has missed expectations this quarter. Realizations have come in lower than expected and there has been a sharp increase in the employee costs. In an interview to CNBC-TV18, Gopal Singh, CMD of Coal India spoke about the results and his outlook for the company.
Total sales could rise 19.8% at Rs 18,750 crore against Rs 15,645 crore that the firm posted during the last year.
Net Sales are expected to increase by 23.9 percent Y-o-Y (down 2.3 percent Q-o-Q) to Rs. 20087.8 crore, according to Edelweiss.
Net Sales are expected to decrease by 18.2 percent Q-o-Q (up 2.9 percent Y-o-Y) to Rs 18960.6 crore, according to ICICI. Coal India to report net profit at 2161.6 crore down 29.5% year-on-year.
Blended realisation may increase 3-4 percent YoY on higher international coal prices, higher contribution from e-auction sales of total sales, hike in coking coal prices in Q4FY17.
In an interview to CNBC-TV18, Ved Prakash Agarwal, Chairman of Prakash Industries spoke about the results and his outlook for the company.
Net Sales are expected to increase by 9.1 percent Q-o-Q (up 3.6 percent Y-o-Y) to Rs 21500 crore, according to HDFC Securities. Coal India to report net profit at 4020 crore up 39.4% quarter-on-quarter.
Higher sales volumes (up 3.6 percent at 143 million tonnes) and e-auction sales volumes (up 76.9 percent at 26 million tonnes) may support topline but weak FSA (fuel supply agreement) volumes and flat blended realisations despite price hikes may cap topline growth.
Net Sales are expected to increase by 25.7 percent Q-o-Q (up 3.6 percent Y-o-Y) to Rs 19662.8 crore, according to Motilal Oswal.
Net Sales are expected to increase by 24.1 percent Q-o-Q (up 2.3 percent Y-o-Y) to Rs 19410 crore, according to Religare.
Net Sales are expected to increase by 24.7 percent Q-o-Q (up 3.1 percent Y-o-Y) to Rs 20212 crore, according to Edelweiss.
Brokerage houses slashed earnings estimates as well as target price on Coal India after the world's largest coal mining company reported dismal performance in the quarter ended September 2016. The stock fell more than 4 percent intraday Wednesday.
State-run coal miner Coal India's second quarter profit is seen falling 15.5 percent year-on-year to Rs 2,150 crore and revenue may decline 0.9 percent to Rs 16,800 crore, according to average of estimates of analysts polled by CNBC-TV18.
NTPC, while adding more capacity in coming years, is planning to raise Rs 30,000 crore to fund its capex plans, says Kulamani Biswal, Director - Finance of the company.
Sales are expected to decrease by 9.1 percent Q-o-Q (down 0.5 percent Y-o-Y) to Rs 18866.4 crore, according to ICICI Securities.
The minimum import price (MIP) helped in maintaining prices but it was not supported by domestic demand, says Padam Jain, Director and CFO of Sarda.
Topline growth may be led by strong volume growth while e-auction volumes are expected to increase 132.6 percent at 13 metric tonne versus 5.59 metric tonne (YoY). Last year sales under e-auction category was subdued due to cap on e-auction volumes.
Speaking to CNBC-TV18, Nilesh Panpaliya, CFO of Solar Ind said that the company at present has a defence order worth Rs 72 crore which will reflect on the books next fiscal and is expected to drive the revenue for FY17 up by 25 percent.