United Breweries Ltd, one of the leading distilleries in India, will announce its financial results on May 13 for the fourth quarter ended March 31, 2016.
IIFL estimates that the company’s net profit is expected to surge to Rs. 73 crore, at a rate of 52.1% yoy and 1.4% qoq.
As per IIFL’s forecast, the company’s net revenue for Q4 FY16 is likely to soar to Rs. 1,217 crore, at a rate of 4.7% yoy and 5.1% qoq.
Operating Profit Margin is likely to be at 14.1%, with a yoy rise of 363 bps.
Our preview coverage universe of 374 companies, representing ~75% of India’s equity market cap is expected to report 4.2% yoy drop in net profit in Q4 FY16. On a qoq basis, profits will rise by 17% on account of low base of preceding two quarters, which had witnessed sequential PAT declines.
Other key quarterly results on May 13 include Advanta, AkzoNobel India, Allahabad Bank, Bank of Baroda, Bayer CropScience, Capital First, Cadila Healthcare, IL& FS Transportation, La Opala RG, Poly Medicure, Taj GVK, Sona Koyo Steering, and Union Bank of India.