Results to watch out – ICICI Bank, Tata Chemicals, Exide Industries
The results expected today include ICICI Bank, Tata Chemicals, Exide Industries, Vijaya Bank, Inox Leisure, Pfizer, Talwalkars, Tata Coffee and Zee Learn.
Quarterly results that are expected today include ICICI Bank, Tata Chemicals, Exide Industries, Vijaya Bank, Firstsource Solutions, Inox Leisure, Pfizer, Talwalkars Better Value Fitness, Tata Coffee, Tata Investment Corporation and Zee Learn.
Here is the street expectation for the companies:
ICICI Bank Q4FY18E:
NII – Rs5,849cr, decline of 1.9% yoy due to 14% yoy loan growth expectation
PPOP – Rs8,356cr, up by 63% yoy due to higher other income
PAT – Rs887cr, decline by 46%% yoy, due to higher provisions
The stock is currently trading at Rs285.70, up by Rs2.8 or 0.99% from its previous closing of Rs282.90 on the BSE.
Tata Chemicals Ltd is currently trading at Rs760.20, down by Rs5.2 or 0.68% from its previous closing of Rs765.40 on the BSE.
Exide Industries Ltd (EIL) is currently trading at Rs248.60, down by Rs0 or 0% from its previous closing of Rs248.60 on the BSE.
EIL enjoys leadership position in the country with annual automotive and Industrial battery capacity (FY17) of 39.9mn units and 3,336mn Ah respectively, spread across nine factories (seven for batteries, two for UPS). It has a distribution network of more than 35,000 outlets and battery range of 2.5-20,200 Ah. Revenue mix for the company stood at domestic (95%) and international (5%) for FY17. EIL is also engaged in the life insurance business through its subsidiary, Exide Life Insurance Company, managing AUM of over Rs11,000cr (FY17).
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