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ACC, Ranbaxy, Hero Honda to also announce results today; ACC Q2 profit seen up 44% to Rs 323 Cr (YoY)

Thursday, October 18, 2007

Among the other biggies, ACC, Ranbaxy, Hero Honda will also announce their results today.

According to CNBC TV 18 estimates, ACC's Q2 net profit is seen up 44% to Rs 323 crore as against Rs 224 crore in the same quarter of last year.

Net sales is seen going up 27.8% at Rs 1755.6 crore vs Rs 1373.5 crore and operating profit is likely to go up by 41% to Rs 517 crore from Rs 366.1 crore YoY. Operating profit margin may jump to 29.50% from 27% in same period of last year and 29.14% in previous quarter.

On a quarter on quarter basis ACC is likely to post 6% lower sales at Rs 1755.6 crore vs Rs 1868 crore and PAT is seen down 8% to Rs 323 crore from Rs 351.2 crore QoQ.

Factors to watch

Dispatches show good growth on low base of last year
Dispatches aided by commissioning of new capacity

Net sales expected to grow 27%, driven by significant improvement in realizations
Higher exposure to southern markets (19% of total sales) will drive an 11% YoY realisation growth (Realisations will show a dip on a QoQ basis). Decline in RMC margins to curb overall EBITDA margins to 29.7%.

Ranbaxy Poll
According to the CNBC TV 18 estimates, the Q3 CY07 YoY (consolidated) Net Income is seen up 5 % at Rs 1689 crore vs Rs 1608.7 crore. The Operating profit is seen at Rs 272 crore vs Rs 269.7 crore. The OPMs are expected at around 16 % vs 17 %. Net profit is seen at Rs 202 crore vs Rs 139.3 crore.

Key factors to watch for:
-Sales growth to be 5% due to higher base of Q3CY06 (due to Simvastatin exclusivity) and currency appreciation
-EBIDTA margins expected to be 16%( maintained at Q2CY07levels), due to higher traction in semi-regulated markets, mainly Romania and South Africa
-Pravastatin exclusivity to contribute about $ 12mn
-Net profit estimates include Rs 70 Cr towards forex gain of unutilised FCCB. Without Forex gain de-growth of 7% in Net Profits expected

Hero Honda Poll
According to the CNBC TV 18 estimates, Q2 net sales are seen up 2.2% to Rs 2278.9 crore vs Rs 2229.96 crore. The net profit is seen down 8.7% to Rs 197.2 crore vs Rs 215.9 crore.

Key factors:
Volumes up 4.6%
Realisations could be hit by higher share of scooters
Raw materials and higher subvention/discounts could hit margins
QoQ margin growth to be driven by lower comm. Cost and staff costs

Posted by FR at 8:52 AM  

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Investment in equity shares has its own risks. Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that we consider reliable. I, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and I am not responsible for any loss incurred based upon it.& take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations given in this blog.