Result Previews Bosch ; Gujarat Gas – 4QCY2010 :: Angel Broking

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Result Previews
Bosch – 4QCY2010
Bosch is slated to announce its 4QCY2010 results. We expect the company to deliver 31%
yoy growth in revenue to `1,724cr for the quarter. On the operating front, the company is
expected to post a 158bp yoy increase in operating profit margin to 18.7%. As a result, net
profit is expected to increase by 33% yoy to `210cr. The stock rating is under review.

Gujarat Gas – 4QCY2010
Gujarat Gas is going to announce its 4QCY2010 results. We expect the company to report
top-line growth of 26.4% yoy to `488cr (`386cr) and bottom-line growth of 18.4% yoy to
`54cr (`46cr). We expect the quarter to witness lower LNG volumes sequentially as
production from the PMT field was started during the quarter after the shutdown. We expect
the company to report volumes of 3.52mmscmd for the quarter, registering growth of 18.2%
yoy and 2.8% qoq. Spread is expected to improve sequentially to `3.91/scm (`3.74/scm).
We recommend Buy on Gujarat Gas with a Target Price of `418.