Key issue to watch out for would be execution trend and outlook on some big-ticket-size orders, and margins in infrastructure segment as the same has been disappointing for past few quarters.
Net Sales are expected to increase by 10.8 percent Y-o-Y (up 19.9 percent Q-o-Q) to Rs. 3,554.5 crore, according to Sharekhan.
Net Sales are expected to increase by 10 percent Y-o-Y (up 16.5 percent Q-o-Q) to Rs. 19,225.5 crore, according to ICICI Direct.
Key issue to watch out for would be execution trend and outlook on some big-ticket size orders, and commentary on private capex cycle
Net Sales are expected to increase by 10.7 percent Y-o-Y (down 30.3 percent Q-o-Q) to Rs. 31,317.3 crore, according to Reliance Securities.
Net Sales are expected to increase by 10 percent Y-o-Y (down 30.7 percent Q-o-Q) to Rs. 31,123.4 crore, according to Kotak.
Key monitorables would be working capital, and order inflow, revenue & margin guidance for FY20.
Net Sales are expected to increase by 14 percent Y-o-Y (up 37.4 percent Q-o-Q) to Rs. 30,702.9 crore, according to ICICI Direct.
Net Sales are expected to increase by 1.6 percent Y-o-Y (up 15.7 percent Q-o-Q) to Rs. 41,324.5 crore, according to Prabhudas Lilladher.
The capital goods companies (excluding L&T) have announced orders worth Rs 14,500 crore for Q4FY19, down 55 percent YoY
Jefferies said the third quarter has beaten expectations on order flow & EBITDA and the biggest positive is the 24 percent YoY consolidated engineering & construction (E&C) revenue growth.
Net profit for Q3 grew 37 percent YoY to Rs 2,042 crore, much higher than the Street estimates of 18-20 percent growth.
Kotak Securities expects the maximum 21 percent growth in EBITDA and 19 percent in EBIT with 50 bps margin expansion.
Net Sales are expected to increase by 13.6 percent Y-o-Y (up 7.9 percent Q-o-Q) to Rs. 20,116.4 crore, according to ICICI Direct.
On an aggregate basis, 10 companies that we have covered in this study have delivered 20 percent revenue growth as they benefitted from improved execution.
Input cost pressure is being increasingly absorbed by companies as the demand environment in weakening
At current valuations of 22 times FY19 estimated earnings, the stock is reasonably valued.
Brokerages estimate the profit after tax to be in the range of Rs 1,100-2,077 crore for the company in the quarter under review.
The government’s focus on speeding up the awarding of key projects before the election is leading to strong growth.
Net Sales are expected to increase by 8.8 percent Y-o-Y (down 43.7 percent Q-o-Q) to Rs. 15,162.3 crore, according to ICICI.
At the current market price of Rs 1376, price to earnings ratio works out to about 23 times, which is reasonable.
Brokerage houses remained positive on the stock post earnings and expect the stock to give up to 31 percent return over next 12 months.
Seasonally it is a weak quarter of the company given weak execution due to monsoon.
Expectations were running low on account of pre-GST implementation adjustments in the quarter, and overall, the Nifty earnings have not resulted in any incremental negative surprise.
Bank of America Merrill Lynch, which has maintained buy call with a target price of Rs 1,322, said Q1 surprised positively on strong domestic execution