Q1 earnings today: Results Preview: What to expect from ACC, Tata Elxsi, LTI & Angel One earnings today
ACC: Centrum Broking sees ACC’s June quarter profit at Rs 334.20 crore, down 41.6 per cent year-on-year (YoY). This is even as it sees revenues for the cement maker rising 14.2 per cent YoY to Rs 4,436.30 crore. Centrum sees sales volume for the quarter at 7.39 mt, up 8 per cent YoY. Realisations are seen at Rs 546.50 per tonne, up 1.8 per cent YoY. Ebitda per tonne is seen at Rs 755, down 41 per cent YoY.
L&T Infotech: Emkay Global expects L&T Infotech to announce a 19.6 per cent YoY rise in net profit at Rs 593.90 crore compared with Rs 496.40 crore in the same quarter last year. This brokerage sees L&T Infotech’s revenues surging 29.9 per cent YoY to Rs 4,498.80 crore from Rs 3,462.50 crore YoY, but Ebitda margin may shrink by 151 basis points to 17.2 per cent from 18.7 per cent YoY.
Tata Elxsi: Brokerage Sharekhan sees profit for the Tata group firm rising 45.4 per cent YoY to Rs 165 crore from Rs 113 crore. Revenues for this IT firm can grow 33.2 per cent YoY to Rs 744 crore from Rs 558 crore, it added. The operating profit margin is seen jumping 464 basis points to 31.5 per cent from 26.9 per cent.
Angel One: Brokerage
said Angel One has seen a decline in client addition in the June quarter on a sequential basis. Its activation rate and F&O ADTO (average daily turnover) market share have also remained weak, leading to muted revenue growth for the quarter. The brokerage sees Angel One’s Q1 profit rising 41.7 per cent YoY to Rs 172.10 crore. Total income is seen jumping 49.2 per cent YoY to Rs 510.30 crore, the brokerage said. The cost-to-income ratio is likely to increase both sequentially and YoY on higher investments
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