08 April 2012

Strategy: March 2012 quarter earnings preview : Kotak Securities PDF link

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http://www.kotaksecurities.com/pdf/indiadaily/indiadaily04042012.pdf


March 2012 quarter earnings preview.  We expect the net income of the KIE
universe to grow 27.1% yoy and 23.1% qoq on an overall basis. On an ex-Energy basis,
we expect the net income to grow 10.8% yoy. We expect the net income of the
Automobiles, Banking, Energy and Pharmaceuticals sectors to improve yoy while the net
income of Metals & Mining, Real Estate, and Telecom sectors to decline yoy. We expect
the net income of the BSE-30 Index to grow 21% yoy and 17.2% qoq, led by the
Automobiles, Banking and Industrials sectors. On an ex-Energy basis, we expect the net
income of the BSE-30 Index to grow 20.8% yoy.


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