Electronics and electrical engineering company Siemens shares fell 2 percent intraday Thursday in addition to 2 percent loss in previous session after dismal performance in Q4FY16. Brokerage houses retained their negative outlook, saying valuations are still rich and quarterly operational performance was weak.
Siemens' fourth quarter profit jumped more than 11-fold to Rs 2,467 crore compared with Rs 219.1 crore in year-ago period, driven by stake sale in healthcare undertaking.
Revenue also declined 22 percent year-on-year and 6 percent quarter-on-quarter to Rs 117.4 crore in January-March quarter.
Morgan Stanley feels provisioning will likely stay very elevated and expects PPoP (pre-provisioning operating profit) to keep trending down (continued decline in net interest margin, higher costs and struggling fees).
Revenue increased 155 percent to Rs 69.3 crore during the quarter compared to Rs 27.2 crore in same period last year.
CLSA has retained buy rating on the stock with increased target price at Rs 209 (from Rs 194), saying it is the top pick in print media after better-than-expected earnings.
Operational performance was pathetic for the quarter as EBITDA (earnings before interest, tax, depreciation and amortisation) loss stood at Rs 840.2 crore against profit Rs 138.3 crore in year-ago period.
With maintaining buy rating and target price of Rs 545 (implying 30 percent potential upside), CLSA says the stage is now set for a strong FY17 in both JLR/India and it believes more positive surprises on volumes and margins are possible.
Revenue grew by 9.7 percent to Rs 1,103.4 crore in January-March quarter against Rs 1,005.4 crore in same period of last fiscal.
Revenue increased 14.5 percent to Rs 10,800.8 crore in Q4 against Rs 9,434.4 crore in corresponding period of last fiscal on healthy volume growth in both auto and tractor segment.
Operating profit (EBITDA - earnings before interest, tax, depreciation and amortisation) shot up 72.2 percent to Rs 63.5 crore and margin expanded by 440 basis points to 10.2 percent in Q4.
Analysts expect strong growth in the engineering and projects (E&P) business as the company executes its strong order book and expect 25 percent YoY growth in lighting segment due to supply of LED lights under government tender.
Operating profit (EBITDA - earnings before interest, tax, depreciation and amortisation) may grow 30.6 percent to Rs 158 crore and margin may expand 260 basis points to 14.2 percent YoY.
Revenue may fall 4 percent to Rs 11,128.84 crore YoY due to lower steel realisations and sales volume may jump 15-20 percent to approximately to 3.6 million tonne.
Revenue is seen rising 3.8 percent to Rs 5,479 crore on sequential basis. Operating profit may increase 3.5 percent to Rs 1,845 crore but margin may be flat at 33.67 percent QoQ.
Operational performance is expected to be strong with EBITDA rising 91 percent YoY to Rs 1,299 crore and margin expanding 2000 basis points to 43 percent in Q4.
Tata Motors‘ standalone loss may get narrowed significantly to Rs 109 crore from Rs 1,164 crore YoY but revenue is seen rising 17 percent to Rs 12,589 crore in Q4 due to a 19 increase in commercial vehicle segment.
US business growth may be aided by more than 30 ANDA launches in the US over last one year while Europe is likely to be subdued due to low growth.
Operating profit (EBITDA - earnings before interest, tax, depreciation and amortisation) is likely to jump 27 percent to Rs 1,145 crore and margin may expand 220 basis points to 11.6 percent compared to year-ago period. However, margin could decline QoQ due to expiry of tax incentives at Haridwar plant.
Sun Pharma launched Gleevec generic on February 1, 2016 with 180-day exclusivity and it has already captured around 40-50 percent market share.
Operating profit (EBITDA - earnings before interest, tax, depreciation and amortisation) may grow 10.3 percent to Rs 77 crore but margin may see contraction at 12.1 percent against 12.9 percent YoY, impacted by high employment benefits and rent.
Topline growth may be on the back of increased capacity utilisation at new SEZ units and generic business. Analysts feel capacity utilisation rates should rise to 80 percent against 75 percent earlier.
Revenue declined 21.5 percent to Rs 10,005 crore in quarter ended March 2016 compared to Rs 12,745 crore in same period last fiscal, impacted by power business.
Net interest income, the difference between interest earned and interest expended, declined 4.5 percent to Rs 2,374.8 crore compared to year-ago period due to 1.6 percent fall in advances (at Rs 3.24 lakh crore). Deposits on yearly basis grew only 1.25 percent to Rs 4.79 lakh crore during the quarter.
Operating profit (EBITDA - earnings before interest, tax, depreciation and amortisation) increased 18.8 percent to Rs 2,661 crore and margin has seen expansion of 110 basis points at 6.3 percent for the quarter.