At Moneycontrol, the Results page helps you effectively track corporate announcements and results for various listed companies across both India and abroad. With our Results page, you can keep abreast with an updated, comprehensive view of all the profit/loss statements, company spendings, AGM outcomes, and quarterly and annual results from all these listed companies. Additionally, Moneycontrol also regularly tracks international MNCs listed on NASDAQ and Asian bourses, including popular companies like Apple, Google, Alibaba. Apart from finding solid copies of company results, stock movements consequent to these company results, expectations, and analytical post results copies, you will also find copies and articles detailing the earnings, impact, and all major announcements made to media/exchanges by these companies, so that you do not miss anything. We also provide you with concrete data points to help you spot profitable trades, stock build-ups, and bulk deals. At Moneycontrol, we also cover analysts/investors meetings; scrutinise results and data and BSE/NSE reports or news. The copies are not just full of information and data, but are also adequately supplemented with expert views, investor opinions, extensive interviews, videos, and a huge variety of explainers, analyses, and informative slideshows to help you gauge the market and make investment decisions in the best possible manner. More
The gas downstream sector is positioned for numerous macro tailwinds which we expect would facilitate rapid growth in the future
Global brokerages are positive on reduced risk from US LNG going forward. CLSA, in particular, sees it as a neat play on higher crude prices.
Net Sales are expected to increase by 10.4 percent Y-o-Y (up 3.1 percent Q-o-Q) to Rs. 14,857.5 crore, according to KR Choksey.
With rising crude prices, cost efficiency of natural gas, environmental concerns, policy framework changes and budget allocations, the gas distribution companies are positioned for a strong uptick in volumes.
The aggregate picture, that was quite dismal in the run up to the GST in the previous quarter, has got better. Our analysis of over 4200 companies showed tepid growth in topline, but surprisingly there was a marked improvement in margins. Finally, unlike in the previous quarter when profitability declined, there was some revival in the September quarter with the trend line flattening.
In an interview to CNBC-TV18, Prabhat Singh, MD & CEO and RK Garg, Director-Finance at Petronet LNG spoke about the results and gave their outlook for the company.
Net Sales are expected to decrease by 0.6 percent Q-o-Q (up 2.8 percent Y-o-Y) to Rs 12060 crore, according to HDFC Securities. GAIL India to report net profit at 1170 crore up 19.3% quarter-on-quarter.
Key factors to watch out for would be outlook on gas transmission volumes and tariffs; management commentary on raising polymer production; and updates on LNG imports from newly-commissioned Dahej plant and restart of the Dabhol terminal post-monsoon.
Net Sales are expected to increase by 26.9 percent Q-o-Q (up 12.5 percent Y-o-Y) to Rs 15053.3 crore, according to Motilal Oswal.
Net Sales are expected to increase by 9.1 percent Q-o-Q (down 17.1 percent Y-o-Y) to Rs 11677.1 crore, according to Religare.
Most analysts think business in India has most likely improved in the last three month but there may be challenges this quarter when it comes to recovery in sectors like capital goods, construction and engineering.
GAIL is expected to continue its earnings revival in the quarter ended June 2016 with the profit & revenue rising 4 percent each to Rs 802 crore and Rs 12,152 crore on sequential basis, respectively.
Sales are expected to dcrease by 1.8 percent Q-o-Q (down 8.8 percent Y-o-Y) to Rs 114130 crore, according to Motilal Oswal.
The company is likely to benefit from lower petchem losses and healthy transmission volumes post successful re-negotiation of contract with RasGas, a Qatar-based liquefied natural gas producing company.
The LNG importer's Dahej terminal had maximum capacity utilisation for the fourth quarter, and will continue to clock 120 percent going forward, says RK Garg Director-Finance, Petronet LNG. He adds that Dahej and Hazira terminals will be the only terminals operating for 6 months.
Operating profit (earnings before interest, tax, depreciation and amortisation) in Q3 may increase 10.6 percent to Rs 934 crore and margin may expand 100 basis points to 7.6 percent compared to preceding quarter.
Revenue is seen falling 2 percent to Rs 12,376.2 crore from Rs 12,565 crore in same period. Operating profit may rise 3 percent to Rs 1,070.2 crore and margin may expand 30 basis points to 8.6 percent on sequential basis.
Petronet's net profit stood at Rs 247.50 crore in the April-June quarter as compared to Rs 156.60 crore net profit in the same period a year ago.
Analysts polled by CNBC-TV18 say decline in profitability of gas trading business (weak spot LNG market) and petrochemical business (higher gas prices) will be key for GAIL.
Weak commodity prices, delayed capex recovery and soft rural demand are the key factors that will weigh on June quarter corporate earnings, says CRISIL Research.
GAIL India's fourth quarter profit after tax is expected to rise 10.5 percent sequentially to Rs 667.7 crore led by gas trading business, according to the average of estimates of analysts polled by CNBC-TV18.
GAIL India is expected to report a 40.4 percent decline (quarter-on-quarter) in the third quarter profit at Rs 776.8 crore impacted by weak operating income, according to a CNBC-TV18 poll.
Net sales are seen going up 10 percent to Rs 14,665 crore from Rs 13,337 crore during the same period.
The LPG egment suffered loss as the company had to shell out Rs 700 crore in fuel subsidies.
According to KR Choksey, GAIL India may report a percent degrowth quarter-on-quarter (down 20 percent Y-o-Y) in net profit at Rs 786 crore.