The power producer has reported a consolidated net profit of Rs 98.98 crore for September quarter against loss of Rs 527.5 crore in year-ago period, driven by strong operational performance and favourable power tariff order.
Analysts expect cotton seed sales volume to decline by 60 percent year-on-year in Q2FY16. Non-cotton revenue growth may remain muted at 5 percent for the quarter.
Operating profit (earnings before interest, tax, depreciation and amortisation) shot up 63 percent year-on-year to Rs 121.95 crore and margin expanded by 530 basis points to 18.3 percent, boosted by lower raw material and logistics services cost.
Revenue is seen declining 10 percent to Rs 4,620 crore in second quarter compared to Rs 5,143 crore in same quarter last fiscal.
With the exception of energy, all sectors have seen downgrades to FY16 consensus earnings estimates since the start of the current quarter, with the largest downgrades seen in materials and industrials, Singh says.
Revenue dropped 10.6 percent quarter-on-quarter and 25 percent year-on-year to Rs 46,473 crore during the quarter.
Operating profit during the quarter may fall 1.7 percent to Rs 180 crore but margin may expand 57 basis points to 14 percent in quarter gone by.
Revenue may increase 6.4 percent to Rs 6,940.9 crore during the quarter compared to Rs 6,522.2 crore in preceding quarter. Analysts feel Halol plant remediation is likely to impact core sales growth and margin.
Loan growth and disbursements are likely to remain steady on yearly basis. Analysts expect loan growth around 15-20 percent.
Operating profit (EBITDA) dropped 17 percent quarter-on-quarter to Rs 8,775 crore and margin contracted by 400 basis points to 42.4 percent in quarter gone by.
Revenue was down 1.8 percent to Rs 9,245 crore during the quarter compared to Rs 9,410 crore in year-ago period due to subdued sales volumes.
Other income shot up 90.5 percent to Rs 373.3 crore in quarter ended September 2015 compared to Rs 196 crore in year-ago period. The company has received tax refund of Rs 125.3 crore for the quarter against expenses of Rs 83.99 crore in corresponding quarter of previous fiscal.
Revenue may fall 20 percent to Rs 9,400 crore from Rs 11,679 crore during same period. Operating loss may be at around Rs 130 crore against operating profit of Rs 1,336.8 crore year-on-year.
Other income stood at Rs 2,938.2 crore for the quarter, significantly higher compared to Rs 321.5 crore in year-ago period due to sale of shares in Tata Motors.
JLR's profit in July-September quarter is likely to plunge 51 percent to 294 million pound compared to year-ago period, excluding the impact of vehicles damaged in China port explosion.
Decline in revenue may be led by weaker execution due to lower offtake by state electricity boards (SEBs) and leveraged balance sheets of independent power producers (IPPs - 2/3rd of its order book comes from the power segment).
Fall in operational performance and realisation may impact bottomline but lower discount to oil marketing companies may support.
Earnings missed analysts' expectations. Profit was expected at Rs 93.3 crore and revenue of Rs 2,124.4 crore for the quarter with operating profit rising 10.5 percent and margin expansion of 30 basis points.
According to average of estimates of analysts polled by CNBC-TV18, profit is seen rising 15.5 percent year-on-year to Rs 3,581 crore and net interest income may increase 6.21 percent to Rs 14,099 crore in July-September quarter.
Analysts expect same-store-sales growth (SSSG) of 5.5-6 percent for the quarter against 4.6 percent in preceding quarter and negative 5.3 percent in year-ago period. SSSG is likely to benefit from low base in year-ago period and price hikes during the quarter.
Speaking to CNBC-TV18, Sharan Bansal, Director, Skipper Ltd, said that the company has placed bids worth Rs 2000 crore on domestic tenders and he is confident of seeing a significant portion getting converted into orders.
Net interest income, the difference between interest earned and interest expended, grew by 20.6 percent to Rs 2,496.6 crore from Rs 2,070.4 crore during same period. Revenue was up 12.5 percent year-on-year to Rs 7,022 crore in quarter gone by.
The company says average gross refining margin for April-September period was USD 5.76 a barrel against USD 0.09 a barrel in corresponding period of last fiscal.
Net interest income growth is expected to be healthy, which is seen rising 14 percent to Rs 2,838 crore during the quarter compared to Rs 2,492 crore in same quarter last year with loan book growth around 13-14 percent.
Revenue is seen rising 7.8 percent to Rs 1,190 crore compared to Rs 1,104 crore in same period. Analysts expect 9 percent volume growth in domestic markets, driven by advertised products and traction in economy segment.