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These 10 stocks may double their net profit on a basis in Q1 FY19
Revival in rural demand on the back of a normal monsoon, higher minimum support price, and positive sentiment is benefitting the domestic consumption theme
India Inc will start unveiling results for the quarter-ended June starting this week, beginning with bellwether IT names like Tata Consultancy Services and Infosys. Most brokerages expect a double-digit earnings growth for Nifty companies in Q1 FY19.
Rupee depreciation versus the dollar, higher current account deficit and rising crude prices remain a concern. Experts see some recovery in the banking sector as much of the asset quality pain is already recorded and insolvency resolutions are underway.
Revival in rural demand on the back of a normal monsoon, higher minimum support price, and positive sentiment is benefitting the domestic consumption theme. With significant stress recognition already undertaken by banks, asset quality would be relatively better in Q1 FY19e.
The first six months of 2018 was like a roller coaster ride for Indian markets. The next six months are unlikely to be any different, but one thing which provides comfort is earnings growth that could hit the double-digit market in the next 2 fiscals.
It expects net profit of United Spirits to grow 284 percent YoY to Rs 242.10 crore for Q1. “We model a 14 percent net revenue growth led by 9.3 percent growth in underlying volumes off a low base. On a reported basis, we expect lower volume growth of 8.2 percent YoY on account of low-end franchising impact.” The domestic brokerage firm modeled 245 bps YoY expansion in gross margin on account of RM softness. At an EBITDA level, it expects the expansion to be higher at 450 bps YoY driven by leverage benefits and cost-rationalization measures.
Apollo Tyres: PAT likely to grow 173 percent YoY
Ashok Leyland: PAT likely to grow 234 percent YoY
MRF: PAT may grow 258 percent YoY
Jubilant FoodWorks: PAT likely to grow 168 percent YoY
United Spirits: PAT may grow 284 percent YoY
Jyothy Laboratories: PAT is likely to grow 141.6 percent YoY
Prabhat Dairy: PAT likely to grow 111.8 percent YoY
Cadila Healthcare: PAT may grow 240.3 percent YoY
Dr. Reddy’s Laboratories: PAT likely to grow 365 percent YoY
Natco Pharma: PAT may grow 164.40 percent YoY
Source- www.moneycontroll.com
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