Please Share:: 
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
1QFY2012 Result Previews
ABB Ltd. – 2QCY2011
ABB Ltd. is scheduled to announce its 2QCY2011 results. The company’s top line is
expected to grow by 15% yoy to `1,683cr. On the operating front, we expect the
company’s margin to expand by 345bp yoy to around 8%. PAT is expected to come in at
`80cr, up from `33cr for 2QCY2010. Currently, we maintain our Sell view on the stock
(target price `637). We will revise our estimates post the earnings conference call with the
management.
Madras Cement
Madras Cement is expected to announce its 1QFY2012 results. We expect the company’s
top line to grow by 2% yoy to `711cr on account of 19% improvement in cement
realisation. The company is expected to report healthy yoy growth in realisation due to the
high price levels sustained in the company’s prime markets, which are situated in the
south. However, the company’s dispatches are expected to decline by 13.3% yoy. On the
operating front, we expect the margin to decline by 489bp yoy to 23.2% on account of the
increase in raw-material, power and fuel and freight costs. We expect the company’s net
profit to decline by 35% yoy to `48cr. We maintain our Neutral view on the stock.
GIPCL
GIPCL is expected to announce its 1QFY2012 results. We expect the company to register a
41.3% yoy increase in revenue, primarily on the back of higher capacity. The SLPP 3&4
units, which were in trial stages during 1QFY2011, were commercially operational during
1QFY2012. OPM is set to expand by 194bp yoy to 27.3%. However, the bottom line is
expected to decline by 29.4% yoy to `30cr in 1QFY2012 on account of higher
depreciation and interest costs. At the CMP, the stock is trading at 0.7x FY2013 P/BV. We
maintain our Buy view on the stock with a target price of `94.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
1QFY2012 Result Previews
ABB Ltd. – 2QCY2011
ABB Ltd. is scheduled to announce its 2QCY2011 results. The company’s top line is
expected to grow by 15% yoy to `1,683cr. On the operating front, we expect the
company’s margin to expand by 345bp yoy to around 8%. PAT is expected to come in at
`80cr, up from `33cr for 2QCY2010. Currently, we maintain our Sell view on the stock
(target price `637). We will revise our estimates post the earnings conference call with the
management.
Madras Cement
Madras Cement is expected to announce its 1QFY2012 results. We expect the company’s
top line to grow by 2% yoy to `711cr on account of 19% improvement in cement
realisation. The company is expected to report healthy yoy growth in realisation due to the
high price levels sustained in the company’s prime markets, which are situated in the
south. However, the company’s dispatches are expected to decline by 13.3% yoy. On the
operating front, we expect the margin to decline by 489bp yoy to 23.2% on account of the
increase in raw-material, power and fuel and freight costs. We expect the company’s net
profit to decline by 35% yoy to `48cr. We maintain our Neutral view on the stock.
GIPCL
GIPCL is expected to announce its 1QFY2012 results. We expect the company to register a
41.3% yoy increase in revenue, primarily on the back of higher capacity. The SLPP 3&4
units, which were in trial stages during 1QFY2011, were commercially operational during
1QFY2012. OPM is set to expand by 194bp yoy to 27.3%. However, the bottom line is
expected to decline by 29.4% yoy to `30cr in 1QFY2012 on account of higher
depreciation and interest costs. At the CMP, the stock is trading at 0.7x FY2013 P/BV. We
maintain our Buy view on the stock with a target price of `94.
No comments:
Post a Comment