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Net Sales are expected to increase by 2.2 percent Y-o-Y (down 3 percent Q-o-Q) to Rs. 1,990 crore, according to HDFC.
A rise in crude oil prices have also impacted the pricing in the home appliances space, weakening consumer demand
Growing demand for ACs and commercial refrigeration products, robust order book in the electro-mechanical projects space, strong fundamentals and capabilities to tap into markets pan-India are some of the key positives that could work in favour of the company.
Net Sales are expected to increase by 10.5 percent Y-o-Y (up 65.5 percent Q-o-Q) to Rs. 2,274.6 crore, according to ICICI Direct.
Net Sales are expected to increase by 16.8 percent Y-o-Y (up 72.9 percent Q-o-Q) to Rs. 1,375 crore, according to HDFC Securities.
With disposable incomes rising and government’s push towards pan-India electrification evident, AC manufacturers have quite a few tailwinds to look forward to.
Operating profit is expected to increase 14 percent to Rs 78 crore but margin may be flat at 7.2 percent compared with corresponding quarter last fiscal.
Revenue for the firm could be up 5.6 percent at Rs 1,960 crore against Rs 1,855 crore.
The company's operating profit (EBITDA) is expected to fall at Rs 177.77 crore from Rs 185 crore, reported in year ago period.
Net Sales are expected to increase by 63.5 percent Q-o-Q (up 2.2 percent Y-o-Y) to Rs 1930.5 crore, according to Motilal Oswal. Voltas to report net profit at 141.6 crore up 73.7% quarter-on-quarter.
Operating profit is seen rising 9 percent year-on-year to Rs 63 crore and margin may expand 100 basis points to 5.4 percent in Q3, aided by MEP (electro-mechanical projects) business.
Net Sales are expected to increase by 24.4 percent Q-o-Q (down 6.6 percent Y-o-Y) to Rs 1221 crore, according to ICICI Securities.
Voltas shares plunged 9 percent intraday Thursday after CLSA slashed target price on the stock to Rs 305 (from Rs 345), citing uncertainty for Q3 & Q4 due to demonetisation and GST.
Operating profit (EBITDA - earnings before interest, tax, depreciation and amortisation) is seen rising 27 percent to Rs 168 crore and margin may expand 70 basis points to 8.9 percent on yearly basis.
Sales are expected to increase by 0.3 percent Q-o-Q (down 18.5 percent Y-o-Y) to Rs 1894.7 crore, according to ICICI Securities.
The company has not cut or raised prices and is offering extended services along with financial easing to aid customers buy its products using Equated Monthly Installment (EMIs), says Pradeep Bakshi, Executive Vice President & COO, Voltas.
Tepid revenue growth is likely to be led by decline in EMP (electro-mechanical projects) business while UCP (unitary cooling products) segment could potentially surprise on the upside (likely to show double digit growth) with early summer in the country.
Analysts expect 5 percent growth in MEP division on higher execution and better margin growth due to execution of high value projects. They expect 10-15 percent YoY growth in revenue from its unitary cooling products (UCP) segment and 8 percent growth in engineering service business.
According to analysts polled by CNBC-TV18, revenue is expected to be at Rs 993 crore during the quarter against Rs 985 crore in year-ago period.
Company's main segment – UCP division – which has been growing at a phenomenal pace is expected to show moderation in growth impacted by unseasonal rains (leading to short summer), strong rainfall in June, sluggish consumer spend and high base effect.
Analysts expect Voltas to register flattish topline growth despite robust growth for its Unitary Cooling products (UCP) segment mainly dragged by continuation of a annual decline in its Electro-mechanical projects (MEP) segment‘s sales.
Voltas' third quarter consolidated profit after tax is seen falling 5.2 percent year-on-year to Rs 58.7 crore, according to a CNBC-TV18 poll.
Sales are expected to decrease by 38.1 percent Q-o-Q (up 0.7 percent Y-o-Y) to Rs 1088 crore, according to Motilal Oswal.
Voltas, the engineering, air conditioning and refrigeration company, will announce its third quarter earnings today. Profit after tax may fall 51.2 percent at Rs 37.5 crore versus Rs 76.8 crore Y-o-Y.
Analysts feel margin will remain weak due to execution of low margin orders and delays in client certifications.