According to Antique Stock Broking, the net crude realisation for ONGC in Q3FY19 is estimated at around $67-68 a barrel (versus $73-76 in Q2FY19 and around $50-61 in Q3FY18)
Emkay and Motilal Oswal see 17 percent year-on-year growth in bottomline while Prabhudas Lilladher expects profit to grow 137 percent and ICICI Securities expects 178 percent
Brokerages believe the company is likely to post steady numbers for domestic business.
The company will declare its results today. Analysts suggest one to focus on US business growth and upcoming product announcements.
The company is due to declare results o February 7, 2019.
EBITDA margin is likely to contract by 325 bps YoY to 17.7% due to high material cost and muted sales growth in domestic business, Reliance Securities said
GAIL sold 9 percent more natural gas and transported 11 percent more LPG. Liquid hydrocarbon sales were up 5 percent.
Motilal Oswal expects loan growth to stay largely flattish, whereas deposits growth is expected to be around 2.5 percent YoY.
Asset quality should be stable as slippages would be largely similar QoQ and as there are not too large recoveries, said Prabhudas Lilladher
Kotak, which sees 2.4% growth in topline, also forecasts 12% YoY growth for India
At operating level, EBITDA during the quarter is expected to decline 9-17 percent compared to year-ago period
Edelweiss Securities expects revenue growth of 6.5 percent YoY, largely driven by volume growth of 5 percent YoY and higher realisations.
The company will declare its results on January 31, 2019.
ICICI Securities said consolidated revenues are expected to be muted at Rs 20,543 crore, up 0.6 percent QoQ (up 1.1 percent YoY) and consolidated margins are seen at 30.6 percent, up 60 bps QoQ
Kotak expects EBITDA margin to decline 300 bps YoY (down 50 bps QoQ) largely due to an inferior product mix and increase in discounting in economy motorcycle segment
Domino’s Pizza India operator likely to benefit from "Everyday Value" offering of the brand.
Overall brokerages expect other income (non-interest income) as well as operating profit to grow more than 20 percent.
According to brokerages, provisions are expected to remain elevated on year basis, but sequentially may go down in Q3.
Edelweiss Securities expect maximum growth in profit at 110 percent while Antique Stock Broking sees little over 50 percent compared to year-ago period
Kotak Securities expects HCL Technologies to maintain 9.5-11.5 percent constant currency revenue growth guidance.
At operating level, Maruti is expected to disappoint as there could be contraction in margin. Analysts expect EBITDA to fall in the range of 4-16% YoY.
Kotak Securities expects the maximum 21 percent growth in EBITDA and 19 percent in EBIT with 50 bps margin expansion.
The topline is also expected to be in double digit led by volume growth. Brokerages largely expect revenue to grow in the range of 11-18 percent YoY with likely volume growth of more than 10 percent YoY.
Key issue to watch out for would be the selection of the new MD & CEO as after the RBI order, Rana Kapoor will step down as MD & CEO of the bank on the closing of January 31, 2019.
The loss at EBITDA level is also expected to decline sharply by 82 percent and 64 percent QoQ by Kotak Securities and Motilal Oswal respectively, on account of higher yields