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The capital goods' major, Larsen and Toubro has delivered better-than-expected Q2 earnings, given the current economic situation, says Lokesh Garg, associate director, Kotak Instituitional Equities.
Analysts expect strong Y-o-Y growth for cooling products business of Voltas (16 percent growth in sales and 10 percent in PBIT margin Y-o-Y) while margins for project business are expected to remain subdued at only 2.5 percent.
Emkay Equity Advisory expects Voltas to report a 6.1 percent degrowth quarter-on-quarter (fall of 13.1 percent year-on-year) in net profit at Rs 67.8 crore.
KR Choksey expects Voltas to report a 873 percent growth quarter-on-quarter (rise of 2 percent year-on-year) in net profit at Rs 80 crore.
Sharmila Joshi of Peerless Securities is of the opinion that Q4 numbers by TTK Prestige are a hit and those of VIP Industries and Volatas are a miss.
Sandeep Shenoy of Anand Rathi is bullish on Tech Mahindra and expects the company to perform well ahead. He recommends buying Divis Labs on dips.
Mumbai-based Voltas' margins will be under pressure in the fourth quarter due to execution of low margin orders and delay in client certifications in EMP segment.
Kotak Securities has come with its March quarterly earning estimates for capital goods sector. The research firm expects aggregate revenue growth of capital goods sector to be 6.7% YoY in the Mar-ending quarter, driven mainly by L&T, Cummins, and other midcaps and aggregate PAT is expected to post modest growth of 2.7% yoy in Q4 FY13.
From the sidelines of Kotak Institutional Equities and global investor conference, Lokesh Garg who tracks the capital goods space shared is readings and outlook on that space in an interview to CNBC-TV18.
Voltas is going to declare its results for the third quarter of financial year 2012-13 on Monday. Analysts on an average expect the company to turn profitable with consolidated net at Rs 47 crore in the quarter as against loss of Rs 115 crore in a year ago period, according to CNBC-TV18 poll.
Emkay Global Financial Services has come with its September quarterly earning estimates for Engineering & Capital Goods (ECG) sector. According to the research firm, subdued performance is expected in Q2FY13E.
Voltas, a premier engineering solutions provider and project specialist, reported very weak results operationally in the first quarter of FY13. But the bottomline met expectations due to higher other income and lower tax expenses while revenues were higher than expectations.
Voltas, premier engineering solutions provider and project specialists, is set to announce its results for April-June quarter today. Analysts on an average expect the consolidated profit after tax to go down by 45% year-on-year to Rs 72 crore during the quarter.
Voltas, premier engineering solutions provider and project specialists, is set to announce its results for April-June quarter today. Analysts on an average expect the consolidated profit after tax to go down by 45% year-on-year to Rs 72 crore during the quarter.
Prabhudas Lilladher has come with its June quarterly earning estimates for capital goods sector. According to the research firm, capital goods companies are expected to grow by 3.5% YoY in Q1FY13.
Emkay Global Financial Services has come with its June quarterly earning estimates for Engineering & Capital Goods (ECG) sector. According to the research firm, revenue growth would moderate to 11% (YoY) to Rs 276.9 bn.
Engineering solutions provider Voltas' consolidated profit after tax is likely to decline 10% over a prior-year period to Rs 91 crore for the fourth quarter of FY12, according to CNBC-TV18 poll.
Engineering solutions provider Voltas' consolidated profit after tax is likely to decline 10% over a prior-year period to Rs 91 crore for the fourth quarter of FY12, according to CNBC-TV18 poll.
Prabhudas Lilladher has come with its March quarterly earning estimates for capital goods sector. As per the research firm, the end of tightening cycle and meaningful reforms will be the key for the sector to move from underperformance to outperformance.
Voltas is expected to report a consolidated profit after tax of Rs 63 crore in the second quarter of FY12, a fall of 13% as compared to Rs 72 crore in a year ago period (PAT is pre-exceptional and pre-minority interest).
Voltas is expected to report just 4% rise in profit for first quarter of FY12. During the period, consolidated profit after tax of the company is likely to go up to Rs 97.26 crore against Rs 93.72 crore in the corresponding quarter of last fiscal.
MM Miyajiwala, Executive VP & CFO, Voltas spoke about the quarterly performance of the company and the road ahead. The company's current order book stands at Rs 4,900 crore.
Prabhudas Lilladher has come out with its earning estimates on capital goods sector for the quarter ended March 2011. According to the research firm, Voltas March quarter sales are expected to go up by 5.9% at Rs 1567.8 crore, year-on-year, (YoY) basis.
Emkay Global Financial Services has come out with its earning estimates on Engineering & Capital Goods sector for the quarter ended March 2011. According to the research firm, Voltas March quarter sales are expected to go up by 9% at Rs 1617.6 crore, year-on-year, (YoY) basis.
PINC Research has come out with its earning estimates on engineering sector for the quarter ended March 2011. According to the research firm, Voltas March quarter sales are expected to go down by 0.5% at Rs 1473.4 crore, Year-on- Year, (YoY) basis.