Emkay Global Financial Services has come with its June quarterly earning estimates for Engineering & Capital Goods (ECG) sector. According to the research firm, revenue growth would moderate to 11% (YoY) to Rs 276.9 bn.
Emkay Global Financial Services Q1FY13 Result Preview for engineering & capital goods sector:
Deceleration in earnings growth to continue in Q1FY13E; Owing to deceleration in revenue growth momentum and yoy decline in EBITDA margins. At this juncture, resumption of investment spend is important versus earnings performance.
Revenue growth would moderate to 11% yoy to Rs276.9 bn - owing to lower order book covers, moderation in economic activity and longer execution cycles.
Engineering College Chennai
Growth moderation combined with rising input costs and lack of operating leverage, EBITDA margin expected to contract by 30 bps yoy to 11.9%. Correspondingly, EBITDA growth to be muted at 8% yoy to Rs33.1 bn.
Engineering Industry
Led by muted operational performance and higher interest & depreciation charges, APAT growth to decelerate to 5% yoy to Rs20.5 bn. Bhel (+10%), L&T (+7%), Thermax (+6%) and Blue Star (+68%) are expected to be outperformers while the rest of the universe is expected to post decline in net profits.
Expect marginal pick-up in order inflows in Q1FY13E following slippage of order finalizations in Mar’12 quarter. We expect order inflows to rise by 6% yoy to Rs281.5 bn and comprise 17% of FY13E target order inflows.
Fat Chance: Diet Coke Fights Obesity?
For related articles and more information, please visit OCA's Food Safety page and our Millions Against Monsanto page.
Overweight 6-Year-Old Vows To Change Lifestyle After Second Heart Attack
HOUSTON—Describing his second heart failure in the span of two years as “a real wake up call,” obese 6-year-old Nicholas Bleyer announced Tuesday that he was finally trying to turn his life around.
Obesity rates rise in county schools
By the time students in Forsyth County reach high school, more than 40 percent of them are overweight or obese, according to a BMI study released by Winston-Salem/Forsyth County Schools.
