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Informist, Friday, Oct. 11, 2024

 

By Anjana Therese Antony

MUMBAI – The Nifty 200 companies are turning out to be poor country cousins of the Nifty 50 companies, at least as far as September quarter sales and profit growth are concerned. This performance belies the popular narrative of solid growth that has propelled the stock prices of these second-tier companies in the past few months.

Of the Nifty 200 index, 179 companies, for which earnings estimates are available, are expected to post a 4.9% growth in net profit for the September quarter, according to an Informist poll of 20 brokerage firms. These companies are also expected to report a 3.5% growth in sales in the latest quarter. The Nifty 50 companies, on the other hand, are expected to post a 7.7% growth in net profit and a 3.9% growth in sales in the latest quarter.  

This means that while profit growth for the Nifty 50 firms will outpace the country’s economic growth, the Nifty 200 companies' profit growth will significantly lag the 7.0% gross domestic product growth the Reserve Bank of India expects the economy to post for the September quarter.

The performance expected from the Nifty 200 in the September quarter is in stark contrast to their performance in 2023-24 (Apr-Mar). For that full year, the Nifty 200 companies had reported a 33% growth in net profit. Even sequentially, while profit growth has improved marginally, sales growth has halved. For Apr-Jun, the Nifty 200 companies had posted a 4.2% growth in net profit and a 6.9% growth in sales.

Estimates are not available for 18 companies, and three companies -- Tata Consultancy Services Ltd., Tata Elxsi Ltd., and Indian Renewable Energy Development Agency Ltd., -- have already declared their quarterly earnings Thursday.

The reasons for the poor growth are the same. For quite some time now, companies have grown profits despite slow growth in sales. They now seem to have reached the limit of such profit growth. The fundamental, underlying reason is the low growth in sales. Additionally, commodity prices are on the up again and low demand means companies do not have pricing power. This will be the second consecutive quarter of low profit growth while sales growth has been low for more than four quarters now.

While broking firms such as Kotak Institutional Equities and Motilal Oswal Financial Services see muted earnings growth for companies in their portfolio, Elara Securities expects an on-year and on-quarter decline for the first time in seven quarters. Sales growth is low and it is the domestic-oriented sectors such as automobile, consumer services, and metals, which have been affected the most by the weak volume growth, analysts said. 

Analysts now expect earnings downgrades to reverse the upgrade cycle seen in the past couple of years. The risk of earnings downgrades is high, especially in cement, energy, and metals as their results in the first half of FY25 contributed much less than what was anticipated for the full financial year. 

Recent earnings downgrades have been primarily concentrated in materials and energy, which account for about 26% of total earnings, and this reflects the impact of a weak quarter and falling commodity prices, the National Stock Exchange said in its corporate performance review report for Apr-Jun. 

SECTORAL TOPPERS
Amid the overall slowdown, sectors such as retail, financial services, pharmaceutical, banks, and capital goods are likely to post double-digit growth in their revenue and net profit in Jul-Sept. Among them, the bellwether of growth would be retail players, supported by store additions and same store sales growth. The net profit and revenues of these companies are expected to grow 31% and 23%, respectively. This is the only sector expected to register a more than 20% jump in both net profit and revenue in the September quarter. 

Finance companies are likely to be the next best with a revenue growth of 18% and net profit growth of 12%. Though deposit growth has been showing signs of improvement, the Reserve Bank of India's regulatory action on consumer loans offered by banks and non-bank lenders may have slowed down the pace of growth, broking firms said. Out of the 29 finance companies in the Nifty 200 index, two may report an on-year decline in revenue and four are likely to report a fall in their net profit.

Banks are also among those expected to do well this quarter, despite the pressure on net interest margins and credit-deposit ratio. The net profit and revenue of banks in the Nifty 200 index are seen rising 11?ch. "We expect a varied performance across banks and better performance from ICICI Bank and Axis Bank among large private banks, and Bank of Baroda among PSU (public sector undertakings)," Elara Securities said in its preview report. 

Banks and financial services companies together have a 29.6% weightage in the Nifty 200 index. If we were to exclude these companies, the Nifty 200 group would end up reporting a mere 1.2% growth in net profit and a 2.1% growth in top line, as opposed to 4.9% and 3.5%, respectively.

Strong earnings growth is expected for capital goods companies, too, on execution of a robust order book and easing raw material costs, leading to a likely 14% increase in revenue and 10% rise in net profit. Among the 10 companies in the sector, only Bharat Heavy Electricals Ltd. is expected to report a net loss for the quarter. 

Good growth in domestic formulations and limited competition launches in the US generic market may drive a healthy double-digit earnings growth for pharmaceutical companies. Their net profit is seen up 17%, which is higher than the 10% growth in revenue. 

THE FOLLOWERS 
A much slower pace of growth in top line is expected from information technology and automobile companies. For IT players, which have a 10.3% weightage in the Nifty 200, revenue growth would be in mid-single digits and net profit in low double digits. The growth will be dragged down by high interest rates in the US, no major improvement in the global demand environment, and weak discretionary spending trends. A similar earnings trend is seen for automobile companies, with the decline in production of commercial vehicles likely to offset the growth in two-wheeler, tractor, tyre, and ball-bearing manufacturers. 

For 13 fast-moving consumer goods companies in the Nifty 200, brokerages expect revenue to grow 5% on year and net profit to grow 3%. Out of these companies, two may report on-year decline in revenue and six may see a fall in net profit. While signs of rural demand recovery provide some relief, analysts said the above-normal monsoon is expected to have adversely impacted sales of beverages and out-of-home consumption. 

Electrical companies are expected to post revenue growth but not profit growth. While the top line is seen rising 36%, much higher than any other sector, the bottom line is likely to fall 12%. 

The only sectors that are likely to see a decline in both earnings parameters would be cement, with revenues seen 5% lower and net profit expected to decline 32%, and oil and gas with sales expected to fall 2% and net profit expected to fall 34%. The fall in cement prices, softer demand during monsoon, and lower volume is expected to have hit cement players, but prices of cement are expected to improve in Oct-Mar, analysts said. Among the five companies in the Nifty 200, only Grasim Industries Ltd. is expected to post sequential as well as on-year growth in top line and bottom line.
 

Following are the Jul-Sept consensus earnings estimates of companies that constitute the National Stock Exchange's Nifty 200 index. These estimates are based on reports compiled by Informist Media from 20 brokerage houses.

 

Company name	Sales, INR million	PAT, INR million	Sales Y-o-Y Change %	PAT Y-o-Y Change %	Sales Q-o-Q Change %	PAT Q-o-Q Change %	EBITDA, INR million	Result date	Number of estimates available
AUTO
Apollo Tyres +	64,600	3,258	2.87	(31.30)	1.98	7.89	8,981	--	6
Ashok Leyland	88,477	5,765	(8.20)	2.76	2.90	9.68	9,844	--	9
Bajaj Auto	133,153	22,639	23.55	23.30	11.63	13.86	27,382	Oct. 16	9
Balkrishna Industries	23,024	3,343	3.44	(0.32)	(14.39)	(29.96)	5,361	--	6
Bharat Forge	23,723	3,965	5.46	14.59	1.46	47.15	6,672	--	5
Bosch	43,383	4,623	5.04	(53.72)	0.50	(0.69)	5,348	Nov. 12	2
Eicher Motors +	44,632	10,923	8.47	7.48	1.60	(0.83)	11,929	--	8
Escorts Kubota	22,301	2,616	8.99	11.31	(2.72)	(9.66)	2,855	--	5
Exide Industries	44,840	3,133	9.19	9.17	3.97	12.08	5,363	Nov. 4	7
Hero MotoCorp	102,409	11,529	8.42	9.40	0.96	2.70	14,954	--	8
M&M	272,333	34,816	5.67	0.86	0.37	33.26	38,598	--	7
Maruti Suzuki	372,926	38,180	0.62	2.73	4.96	4.60	48,174	--	10
MRF	68,471	4,485	12.48	(21.58)	(3.26)	(20.27)	9,896	--	3
Samvardhana Motherson International +	283,067	9,064	20.59	349.70	(1.94)	(8.83)	26,887	--	4
Sona Blw Precision Forgings +	8,815	1,377	11.47	11.21	(1.29)	(2.98)	2,430	Oct. 23	4
Tata Motors +	1,053,960	50,579	0.25	34.38	(2.45)	(9.13)	146,384	Nov. 8	7
Tube Investments of India +	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	--	--
TVS Motor Co	94,971	6,946	16.61	29.46	13.39	20.32	11,109	--	7
Total	2,745,085	217,240	4.99	11.35	0.45	3.81
Airports and Aviation
GMR Airports Infrastructure +	24,681	(1,579)	19.61	N.A.	2.74	N.A.	8,744	--	1
Interglobe Aviation	157,729	(3,448)	5.55	N.A.	(19.41)	N.A.	23,399	--	5
Total	182,410	(5,027)	7.25	N.A.	(16.98)	N.A.
BANK
AU Small Finance Bank*	19,786	5,026	58.42	25.08	3.02	0.01	N.A.	Oct. 23	8
AXIS Bank*	141,664	64,308	15.04	9.67	5.34	6.56	N.A.	Oct. 17	10
Bandhan Bank*	30,264	8,850	23.86	22.72	0.71	(16.78)	N.A.	--	5
Bank of Baroda*	117,443	44,608	8.44	4.89	1.24	0.06	N.A.	--	10
Bank Of India*	63,700	18,720	10.99	28.36	1.50	9.94	N.A.	--	1
Bank of Maharashtra*	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	--	--
Canara Bank*	92,786	37,823	4.22	4.89	1.23	(3.15)	66,802	--	5
Federal Bank*	23,814	9,880	15.80	3.58	3.90	(2.14)	N.A.	--	11
HDFC Bank*	310,477	163,229	13.37	2.17	4.06	0.92	N.A.	Oct. 19	12
ICICI Bank*	205,325	109,355	12.15	6.57	5.01	(1.12)	N.A.	Oct. 26	12
IDBI Bank*	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	--	--
IDFC First Bank*	48,888	6,823	23.76	(9.19)	4.13	0.24	N.A.	Oct. 26	5
Indian Bank*	62,572	24,925	9.01	25.39	1.28	3.71	N.A.	--	4
Indian Overseas Bank*	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	--	--
IndusInd Bank*	55,251	21,974	8.83	0.73	2.17	2.10	N.A.	--	10
Kotak Mahindra*	72,431	34,797	15.03	9.05	5.86	(44.32)	N.A.	Oct. 19	10
Punjab National Bank*	107,875	36,313	8.71	106.78	2.97	11.68	68,384	--	5
SBI*	429,133	162,283	8.64	13.25	4.35	(4.74)	N.A.	--	11
Union Bank Of India*	94,526	37,590	3.58	7.05	0.43	2.18	N.A.	--	4
YES Bank*	22,199	4,762	15.31	111.45	(1.08)	(5.22)	N.A.	Oct. 26	2
Total	1,898,132	791,265	11.15	10.78	3.45	(3.34)
CEMENT
ACC +	42,708	2,237	(3.70)	(42.33)	(17.15)	(38.11)	4,751	--	12
Ambuja Cements +	57,636	3,794	(22.36)	(52.16)	(30.65)	(41.30)	8,199	--	9
Grasim Industries	75,390	8,833	17.03	11.14	9.36	N.A.	4,506	--	6
Shree Cement	38,745	734	(15.49)	(85.06)	(19.86)	(76.90)	6,177	Nov. 11	10
UltraTech Cement +	154,580	9,726	(3.46)	(24.10)	(14.45)	(42.67)	22,564	Oct. 21	10
Total	369,059	25,324	(5.12)	(32.44)	(14.70)	(14.73)
CHEMICAL
Asian Paints +	86,579	10,961	2.11	(9.07)	(3.48)	(6.32)	15,924	Oct. 23	8
Fertilisers and Chemicals Travancore	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	--	--
PI Industries	22,737	4,787	15.49	3.05	13.01	(3.96)	6,198	--	7
Pidilite Industries +	32,684	5,311	6.25	17.99	(3.74)	(6.32)	7,677	Oct. 23	6
Solar Industries India +	17,254	3,135	28.04	56.62	1.80	9.42	4,685	--	2
SRF +	35,276	2,971	13.01	(1.21)	3.68	17.81	6,511	--	10
Tata Chemicals +	40,243	2,137	0.66	(50.07)	6.21	58.30	6,450	--	1
UPL +	105,637	76	3.87	N.A.	16.51	N.A.	16,372	--	6
Total	340,408	29,377	5.85	2.72	5.29	16.35
CONSTRUCTION
IRB Infrastructure Developers +	17,797	1,017	1.99	6.18	(3.95)	(27.37)	8,142	--	3
Total	17,797	1,017	1.99	6.18	(3.95)	(27.37)
CONSUMER ELECTRICAL
Voltas +	26,568	1,342	15.88	265.97	(46.01)	(59.84)	1,669	--	8
Total	26,568	1,342	15.88	265.97	(46.01)	(59.84)
DEFENCE
Bharat Dynamics	6,430	1,451	4.41	(1.35)	236.35	1,910.81	1,332	--	2
Hindustan Aeronautics	62,052	14,094	10.10	14.09	42.73	(1.83)	16,749	--	4
Mazagon Dock Shipbuilders +	21,019	4,121	15.00	23.80	(10.82)	(40.80)	3,153	--	1
Total	89,501	19,666	10.78	14.65	29.79	(8.06)
DIVERSIFIED
Adani Enterprises +	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	--	--
Total	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.
ELECTRICAL
Bharat Electronics	46,460	8,704	16.34	7.15	10.65	12.14	10,853	Oct. 25	7
Dixon Technologies (India) +	92,208	2,125	86.54	97.99	40.14	58.95	3,562	--	6
Havells India	43,620	3,246	12.10	30.30	(24.77)	(21.06)	4,655	Oct. 17	8
NLC India	32,026	5,241	29.59	(53.26)	20.98	5.67	10,715	--	1
Polycab India +	50,427	4,532	19.56	6.50	7.34	14.47	6,574	Oct. 17	8
Total	264,741	23,848	35.65	(12.19)	10.67	7.77
ENGINEERING - CAPITAL GOODS
ABB India	32,428	4,810	17.10	32.56	14.55	8.47	5,940	Nov. 4	6
Astral +	14,793	1,347	8.53	2.66	6.92	11.87	2,317	--	7
BHEL	59,791	(1,667)	16.66	N.A.	9.01	N.A.	(1,341)	--	4
CG Power and Industrial Solutions +	23,363	2,610	16.72	7.76	4.88	8.24	3,532	--	2
Cochin Shipyard	10,258	1,999	7.50	4.63	44.50	10.51	2,152	--	2
Cummins India	22,124	4,087	16.46	24.41	(3.98)	(2.64)	4,349	Nov. 7	8
L&T +	579,245	33,040	13.52	2.52	5.09	18.60	61,939	--	7
Rail Vikas Nigam	49,880	3,519	1.59	(4.93)	22.73	61.55	2,873	--	2
Siemens	65,925	7,147	22.50	33.84	38.25	34.70	9,019	--	5
Supreme Industries +	24,682	2,356	6.91	(3.14)	(6.38)	(13.83)	3,691	--	7
Total	882,488	59,248	13.52	9.87	8.24	18.48
FINANCE
Aditya Birla Capital	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	Oct. 30	--
Bajaj Finance *+	92,391	47,202	28.41	32.93	10.44	20.66	N.A.	Oct. 22	6
Bajaj Finserv *+	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	Oct. 23	--
Bajaj Holdings & Investment*+	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	Oct. 23	--
BSE +	7,152	2,949	97.56	140.28	6.64	11.26	N.A.	--	2
Cholamandalam Investment and Finance *	27,831	9,954	38.10	30.55	8.13	5.65	N.A.	Oct. 25	8
HDFC Asset Management Co	8,705	5,876	35.36	34.28	12.29	(2.72)	6,703	Oct. 15	4
HDFC Life Insurance Co#	183,259	4,349	24.19	15.42	46.49	(8.96)	N.A.	Oct. 15	2
Housing & Urban Development Corp *	8,630	5,814	37.58	28.72	21.39	4.24	N.A.	--	2
ICICI Lombard General Insurance Co#	49,774	7,033	15.59	21.83	10.51	21.18	N.A.	Oct. 18	3
ICICI Prudential Life Insurance Co#	116,241	2,651	15.98	8.52	47.61	17.59	N.A.	Oct. 22	2
Indian Railway Finance Corp *	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	--	--
Jio Financial Services *+	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	--	--
L&T Finance *+	22,676	6,945	23.00	16.70	7.92	1.31	N.A.	Oct. 18	6
LIC Housing Finance*	20,547	12,045	(2.46)	1.38	3.30	(7.36)	N.A.	--	5
Life Insurance Corp of India #	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	--	--
M&M Financial Svcs*	18,976	4,627	19.57	96.75	6.39	(9.79)	N.A.	Oct. 22	8
Max Financial Services*	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	Oct. 22	--
Muthoot Finance *	25,324	12,674	36.27	27.89	9.87	17.50	N.A.	--	6
One 97 Communications +	16,264	(3,117)	(35.43)	N.A.	8.31	N.A.	(5,921)	--	4
PB Fintech +	10,913	757	34.46	273.69	8.00	25.71	691	--	2
Poonawalla Fincorp +	6,128	2,910	28.98	(66.17)	6.37	(0.22)	N.A.	Oct. 25	2
Power Finance Corp*	45,148	36,932	21.07	(4.01)	4.32	(0.66)	N.A.	--	1
REC*	50,176	38,683	24.11	2.53	7.46	12.37	N.A.	--	1
SBI Cards and Payment Services	15,132	5,604	16.68	(7.06)	2.49	(5.73)	N.A.	--	5
SBI Life Insurance Co#	221,524	5,144	10.49	35.30	46.65	(0.99)	N.A.	--	1
Shriram Finance*	55,899	20,807	21.66	18.84	6.80	5.05	N.A.	--	7
Sundaram Finance*	5,580	3,600	15.13	(1.76)	5.32	17.00	N.A.	--	2
Total	1,008,269	233,436	18.17	11.99	25.10	10.02
FMCG
Britannia Industries +	47,746	6,360	7.71	8.25	12.34	25.79	9,053	--	9
Colgate Palmolive	16,387	4,012	11.39	17.97	9.48	10.22	5,571	--	10
Dabur India +	30,687	4,278	(4.22)	(16.94)	(8.37)	(14.46)	5,612	Oct. 30	10
Godrej Consumer +	35,836	4,943	(0.51)	14.23	7.56	9.69	7,510	--	7
Hindustan Unilever	157,882	26,800	3.35	(1.36)	2.93	5.60	37,202	--	10
ITC	178,705	50,927	0.93	3.36	(1.92)	3.56	63,965	Oct. 24	9
Jubilant Foodworks	15,313	579	13.87	(19.78)	6.38	12.36	2,859	--	9
Marico +	26,776	3,851	8.14	9.09	1.31	(17.01)	5,283	Oct. 29	9
Nestle India	53,221	8,768	5.66	(3.44)	10.55	17.44	12,915	Oct. 17	9
Patanjali Foods	79,773	3,209	1.99	26.07	11.21	22.06	4,847	--	1
Tata Consumer Products +	43,019	3,349	15.21	(0.99)	(1.15)	15.35	6,190	--	6
United Spirits	29,655	3,304	3.52	(3.19)	26.08	10.50	4,927	Oct. 23	4
Varun Beverages +	47,138	5,862	19.71	17.00	(35.72)	(53.20)	10,882	--	7
Total	762,137	126,243	4.54	2.74	0.16	(0.15)
HEALTHCARE
Apollo Hospitals +	54,755	3,581	12.97	53.74	7.67	17.32	7,678	--	5
Max Healthcare Institute +	20,743	3,571	52.17	29.08	34.44	51.15	5,492	--	3
Total	75,498	7,152	21.57	40.35	13.90	32.08
HOTELS
Indian Hotels Co +	17,222	2,532	20.17	51.67	11.10	1.92	4,729	--	7
Total	17,222	2,532	20.17	51.67	11.10	1.92
IT
Coforge +	27,413	2,387	20.43	31.85	14.18	79.17	4,847	Oct. 22	12
HCL Tech +	286,030	40,287	7.24	5.13	1.95	(5.36)	61,270	Oct. 14	17
Info Edge India	6,581	2,406	10.97	15.30	3.00	3.59	2,671	--	3
Infosys +	408,383	68,130	4.73	9.68	3.87	6.99	98,199	Oct. 17	17
KPIT Technologies +	14,592	1,854	21.69	31.64	6.93	(9.18)	N.A.	Oct. 23	4
LTIMindtree +	94,432	12,259	6.04	5.52	3.29	8.12	17,113	Oct. 17	15
Mphasis +	35,120	4,144	7.19	5.72	2.62	2.43	6,390	Oct. 16	12
Oracle Financial Services Software +	17,280	5,871	19.63	40.64	(0.77)	(4.80)	N.A.	--	1
Persistent Systems +	28,646	3,140	18.78	19.28	4.66	2.48	4,690	Oct. 22	15
Tata Technologies +	13,099	1,696	3.21	5.75	3.22	4.67	N.A.	--	2
Tech Mahindra +	131,903	9,816	2.54	98.74	1.42	15.28	16,730	Oct. 19	17
Wipro +	222,337	29,801	(1.25)	12.61	1.23	(0.77)	44,314	Oct. 17	17
Total	1,285,816	181,790	5.03	12.85	2.82	2.86
LOGISTICS
Container Corp	24,036	3,417	9.73	(4.49)	14.61	33.80	5,419	Oct. 29	4
Delhivery +	22,076	439	13.69	N.A.	1.63	(19.24)	925	--	5
Total	46,112	3,856	11.59	51.34	8.01	24.49
METAL
APL Apollo Tubes +	49,881	1,069	7.73	(47.33)	0.28	(44.68)	1,975	--	9
Hindalco Industries +	561,999	33,341	3.75	51.82	(1.43)	8.46	70,193	Nov. 11	8
Hindustan Zinc	79,428	22,717	16.94	30.78	(2.30)	(3.66)	39,335	--	4
Jindal Steel & Power +	116,511	8,179	(4.89)	(41.07)	(14.44)	(38.97)	21,029	--	8
JSW Steel +	418,710	5,023	(6.09)	(81.80)	(2.50)	(40.56)	48,634	Oct. 25	9
NMDC	46,912	13,713	16.87	33.44	(12.77)	(30.88)	16,107	--	8
Steel Authority of India	244,527	541	(17.71)	(95.64)	1.90	406.27	18,673	--	10
Tata Steel +	463,072	1,395	(16.84)	N.A.	(15.45)	(85.47)	49,075	--	10
Vedanta +	350,682	24,447	(9.95)	N.A.	(1.95)	(32.21)	92,215	--	5
Total	2,331,723	110,422	(7.02)	329.20	(5.44)	(23.16)
OIL & GAS
Adani Total Gas+	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	--	--
BPCL	1,058,982	34,250	2.83	(59.71)	(6.36)	13.61	61,580	--	8
GAIL	337,935	26,318	6.19	9.43	0.30	(3.39)	41,410	--	9
Hindustan Petroleum	1,034,146	15,724	0.78	(69.28)	(14.43)	341.93	38,904	Oct. 25	9
Indian Oil Corp	1,814,388	33,688	(10.32)	(74.02)	(16.00)	27.45	93,400	--	9
Indraprastha Gas	36,301	4,579	(5.03)	(14.38)	(6.72)	14.06	6,136	--	9
Mangalore Refinery & Petrochemicals	220,786	(904)	(3.35)	N.A.	(19.09)	N.A.	3,965	--	3
Oil India	56,585	18,262	(4.31)	461.37	(3.10)	24.50	25,890	--	8
ONGC	337,844	92,285	(3.92)	(9.67)	(4.20)	3.25	175,335	--	9
Petronet LNG	132,903	9,163	6.05	12.00	(0.93)	(19.74)	13,565	Oct. 24	9
Reliance Ind +	2,353,728	156,938	1.50	(9.77)	1.55	3.67	395,465	Oct. 14	9
Total	7,383,600	390,302	(1.80)	(34.23)	(7.83)	8.75
PHARMA
Alkem Laboratories +	35,654	6,825	3.64	9.99	17.60	25.19	8,069	--	4
Aurobindo Pharma +	77,660	9,859	7.57	30.21	2.63	7.26	17,104	--	8
Biocon +	36,550	512	5.56	(59.25)	6.47	(92.24)	7,545	Oct. 30	5
Cipla +	70,492	12,316	5.56	8.90	5.31	4.58	16,132	Oct. 29	9
Divi's Laboratories	21,827	4,679	16.84	36.81	5.80	8.81	6,593	--	8
Dr. Reddy's Lab +	77,966	14,504	12.95	(2.15)	1.31	4.17	22,034	Nov. 5	10
Lupin +	55,687	7,266	10.52	48.38	(0.56)	(9.33)	12,109	--	10
Mankind Pharma +	30,437	5,913	12.39	18.02	5.19	10.22	7,829	--	4
Sun Pharma +	132,440	29,037	8.62	22.23	4.67	2.40	37,023	Oct. 28	9
Torrent Pharma +	29,508	4,882	10.93	26.48	3.21	6.83	9,511	--	8
Zydus Lifesciences +	53,328	9,793	22.07	22.30	(14.09)	(31.03)	14,405	--	8
Total	621,549	105,586	9.93	17.17	2.40	(5.51)
PORT
Adani Ports and SEZ +	71,703	24,963	7.88	42.82	(5.15)	(19.81)	42,841	--	4
JSW Infrastructure +	10,344	3,184	21.93	25.14	2.43	8.86	5,465	--	2
Total	82,046	28,147	9.47	40.57	(4.26)	(17.34)
POWER & ENERGY
Adani Energy Solutions +	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	--	--
Adani Green Energy +	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	--	--
Adani Power +	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	--	--
Coal India +	312,931	71,096	(4.53)	4.56	(14.18)	(35.13)	88,711	--	7
JSW Energy +	36,799	8,124	12.90	(4.44)	27.80	(28.97)	19,051	--	4
NHPC	27,471	11,819	10.53	(18.33)	13.62	15.48	16,598	Nov. 7	3
NTPC	420,172	43,332	2.79	11.54	(5.41)	(3.94)	116,730	--	6
Power Grid	112,053	37,989	7.54	(0.91)	11.29	11.34	97,931	--	5
SJVN	9,816	4,881	12.73	10.58	18.01	49.18	7,599	--	2
Suzlon Energy +	24,541	3,246	72.65	217.33	21.39	7.38	3,988	--	1
Tata Power +	178,967	11,417	13.72	30.40	3.49	17.59	33,386	Oct. 30	6
Torrent Power +	75,631	6,882	8.65	30.86	(16.28)	(29.22)	14,959	--	2
Total	1,198,380	198,786	4.38	5.96	(4.46)	(15.85)
REALTY
DLF +	14,081	6,675	4.48	7.18	3.35	3.39	4,397	--	4
Godrej Properties +	9,274	2,695	170.36	303.41	25.49	(48.18)	1,823	Oct. 23	4
Macrotech Developers +	27,369	4,205	56.43	108.26	(3.85)	(11.53)	6,800	--	4
Oberoi Realty +	11,307	4,495	(7.13)	(1.59)	(19.54)	(23.10)	5,960	--	5
Phoenix Mills +	9,435	2,846	7.82	12.65	4.35	22.38	5,451	--	4
Prestige Estates +	23,685	1,753	5.90	(79.40)	27.19	(24.62)	6,910	--	4
Total	95,148	22,668	22.47	(7.54)	4.34	(15.75)
RETAIL
Aditya Birla Fashion +	36,507	(2,153)	13.15	N.A.	6.50	N.A.	3,597	--	5
Avenue Supermarts +	142,561	7,411	12.92	18.85	1.33	(4.23)	11,547	Oct. 12	6
FSN E-Commerce Ventures +	19,187	326	27.32	458.22	9.88	238.52	1,226	--	3
Kalyan Jewellers India+	58,718	1,997	33.01	47.66	6.08	12.34	4,032	--	2
Page Industries	12,151	1,671	7.99	11.19	(4.89)	1.14	2,470	--	5
Titan Co	138,382	10,165	18.68	8.14	14.81	32.02	15,872	--	8
Trent	42,640	4,040	47.51	39.47	6.82	18.08	6,879	--	6
Zomato +	46,256	2,668	62.42	640.99	9.98	5.44	2,022	--	7
Total	496,400	26,125	23.19	30.53	7.20	12.12
TELECOM
Bharti Airtel +	411,458	46,722	11.07	248.49	6.85	12.32	219,387	--	6
Bharti Hexacom	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	--	--
Indus Tower +	75,797	17,567	6.27	35.68	2.66	(8.79)	41,556	Oct. 22	2
Tata Communications +	57,663	2,979	18.34	34.98	2.36	(10.51)	11,649	Oct. 17	2
Vodafone Idea +	112,605	(67,113)	5.08	N.A.	7.16	N.A.	47,454	--	3
Total	657,522	154	10.02	N.A.	6.00	N.A.
TRAVEL & TOURISM
IRCTC	11,232	3,079	12.85	4.48	0.27	0.06	3,832	--	3
Total	11,232	3,079	12.85	4.48	0.27	0.06
Grand Total	22,888,843	2,603,577	3.45	4.85	(1.71)	(2.53)

 

EARNINGS DECLARED SO FAR
Company Name	Sales, INR million	Informist estimates, Sales, INR million	PAT, INR million	Informist estimates, PAT, INR million	EPS, INR	Result Date
Indian Renewable Energy Development Agency	16,304	N.A.	3,878	N.A.	1.44	Oct 10
Tata Elxsi	9,551	9,581	2,294	2,107	36.83	Oct 10
TCS +	642,590	641,465	119,090	125,217	32.92	Oct 10

 

 

Notes:

+ Consolidated Figure

* Net interest Income

# Net premium income

N.A.: Not Available

Q-o-Q: Quarter-on-Quarter

Y-o-Y: Year-on-Year

 

Estimates from:

Antique Stock Broking Ltd, Axis Securities Ltd, Centrum Broking Ltd, Dolat Capital Market Pvt Ltd, Elara Securities (India) Pvt Ltd, Emkay Global Financial Services Ltd, HDFC Securities Ltd, ICICI Securities Ltd, IDBI Capital Market Services Ltd, Indsec Securities and Finance Ltd, Kotak Institutional Equities, KR Choksey Research, Motilal Oswal Financial Services Ltd, Nirmal Bang Equities Pvt Ltd, Nuvama Wealth Management Ltd, PhillipCapital (India) Pvt Ltd, Prabhudas Lilladher Pvt Ltd, Sharekhan Ltd, Systematix Shares and Stocks (India) Ltd and YES Securities (India) Ltd.

 

End

 

Data compiled by Shivaji Jagatap

 

Edited by Deepshikha Bhardwaj

 

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