Q2 Results Tomorrow: What to expect from Shree Cement, Info Edge, and Power Grid?
this massive pool are Power Grid, Shree Cements and Info Edge.
Here's a brief look at what to expect from these companies in Q2:
Power Grid
Analysts expect revenues to see a marginal decline due to lower contributions from the consultancy segment and the prior period income of Rs 410 crore.
Revenue from operations is seen falling 0.5% to Rs 11,055 crore in the second quarter, according to Kotak Equities. Meanwhile, the net profit will likely rise 25% to Rs 4,178 crore.
Shree Cement
Shree Cement's revenue from operations is likely to rise around 17% year-on-year, while adjusted net profit is likely to double from a year-ago period, according to Motilal Oswal.
“We estimate EBITDA/tonne at Rs 1,028 and variable cost/tonne to decline 6% year-on-year," the brokerage said.
Analysts expect volume to increase 10% year-on-year during the September quarter.
Info Edge
Info Edge is expected to rise by a marginal 2.6% year-on-year, on revenue de-growth in the core recruitment business on the back of lower cash collections.
Net profit for the September quarter is likely to rise 14% year-on-year to Rs 191 crore, according to Nuvama Institutional Equities.
«Revenue for Jeevansathi is seen rising 2%, while the same from 99acres may grow 4%. The Shiksha business revenue is likely to decline 18% quarter-on-quarter,» the brokerage said.
Kotak Equities expects EBITDA to grow 25% year-on-year to Rs 230 crore in the July-September period and margins may see significant improvement.
«We model EBITDA margins of 38.6%, an improvement on account of lower losses in 99acres and JS due to lower ad-spends,» it said.
