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M o d e r a t i o n i n r e v e n u e , p r o f i t a b i l i t y g r o w t h …
• The Q3FY11 performance of Sensex companies has been the best
in terms of revenues and profitability in the last eight quarters. On
a QoQ basis, Q2FY11 revenues and profitability had risen by 6%
and 14%, respectively, which was mainly due to the low base
effect of Q1FY11. The Q3FY11 corporate performance has
continued the upward trend. In Q3FY11, Sensex companies have
registered a QoQ growth of 5% and 8% in revenues and net
profit, respectively
• Aggregate EBITDA has grown 3.8% QoQ while the EBITDA
margin declined by 20 bps due to a 90 bps increase in raw
material cost to sales ratio to 43%. Commodity prices like steel,
aluminium and rubber have been rising in a sustained manner,
resulting in higher input costs across sectors. The full impact of
higher input costs would be seen in the next few quarters. This
could lead to a moderation of the EBITDA margin, going ahead
• Of the sectors, capital goods registered a strong performance as
Q3 and Q4 are the best quarters for the industry. On a YoY basis,
revenues and profitability have increased by 33% and 22%,
respectively. On a QoQ basis, the sector delivered strong revenue
and profitability growth of 13% and 18%, respectively. Among
other sectors, in spite of QoQ revenue growth of 4% and 10%,
respectively, the auto & metal sector registered a decline in net
profit by 7% and 17%, respectively, on account of a reduction in
EBITDA margin by 79 bps and 66 bps, respectively
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
M o d e r a t i o n i n r e v e n u e , p r o f i t a b i l i t y g r o w t h …
• The Q3FY11 performance of Sensex companies has been the best
in terms of revenues and profitability in the last eight quarters. On
a QoQ basis, Q2FY11 revenues and profitability had risen by 6%
and 14%, respectively, which was mainly due to the low base
effect of Q1FY11. The Q3FY11 corporate performance has
continued the upward trend. In Q3FY11, Sensex companies have
registered a QoQ growth of 5% and 8% in revenues and net
profit, respectively
• Aggregate EBITDA has grown 3.8% QoQ while the EBITDA
margin declined by 20 bps due to a 90 bps increase in raw
material cost to sales ratio to 43%. Commodity prices like steel,
aluminium and rubber have been rising in a sustained manner,
resulting in higher input costs across sectors. The full impact of
higher input costs would be seen in the next few quarters. This
could lead to a moderation of the EBITDA margin, going ahead
• Of the sectors, capital goods registered a strong performance as
Q3 and Q4 are the best quarters for the industry. On a YoY basis,
revenues and profitability have increased by 33% and 22%,
respectively. On a QoQ basis, the sector delivered strong revenue
and profitability growth of 13% and 18%, respectively. Among
other sectors, in spite of QoQ revenue growth of 4% and 10%,
respectively, the auto & metal sector registered a decline in net
profit by 7% and 17%, respectively, on account of a reduction in
EBITDA margin by 79 bps and 66 bps, respectively
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