will government's massive surge in investment ... - Myiris.com
will government's massive surge in investment ... - Myiris.com
will government's massive surge in investment ... - Myiris.com
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Apr-Jun 2013 Earn<strong>in</strong>gs Preview<br />
Summary F<strong>in</strong>ancials ‐ Quarterly (Rs m)<br />
Pers is tent Sys tems<br />
Polaris F<strong>in</strong>ancial<br />
Technology<br />
Tata Consultancy<br />
Services<br />
Tech Mah<strong>in</strong>dra<br />
Wipro<br />
Source: Company Data, PL Research<br />
Q1FY14E Q1FY13 QoQ gr. (%) Q4FY13 YoY gr. (%) 12MFY14E 12MFY13 YoY gr. (%)<br />
Sales 3,513 3,340 5.2 3,007 16.8 14,699 12,945 13.5<br />
EBITDA 801 831 (3.6) 807 (0.7) 3,766 3,352 12.4<br />
Marg<strong>in</strong>s (%) 22.8 24.9 (207)bps 26.8 (403)bps 25.6 25.9 (27)bps<br />
PAT 483 519 (7.0) 416 16.1 2,180 1,876 16.2<br />
Sales 5,856 5,547 5.6 5,816 0.7 24,030 23,083 4.1<br />
EBITDA 1,025 929 10.3 1,105 (7.3) 4,386 4,242 3.4<br />
Marg<strong>in</strong>s (%) 17.5 16.7 75 bps 19.0 (150)bps 18.3 18.4 (13)bps<br />
PAT 507 438 15.6 609 (16.7) 2,232 1,941 15.0<br />
Sales 174,704 164,301 6.3 148,687 17.5 726,608 629,895 15.4<br />
EBITDA 50,175 46,599 7.7 43,328 15.8 212,353 180,872 17.4<br />
Marg<strong>in</strong>s (%) 28.7 28.4 36 bps 29.1 (42)bps 29.2 28.7 51 bps<br />
PAT 37,329 35,695 4.6 32,806 13.8 163,724 139,414 17.4<br />
Sales 19,835 19,072 4.0 15,434 28.5 78,353 68,731 14.0<br />
EBITDA 4,026 3,801 5.9 3,302 21.9 14,887 14,243 4.5<br />
Marg<strong>in</strong>s (%) 20.3 19.9 37 bps 21.4 (109)bps 19.0 20.7 (172)bps<br />
PAT 3,992 3,773 5.8 3,384 18.0 14,887 12,877 15.6<br />
Sales 98,960 96,078 3.0 104,832 (5.6) 411,491 374,256 9.9<br />
EBITDA 20,386 19,681 3.6 19,728 3.3 82,704 78,181 5.8<br />
Marg<strong>in</strong>s (%) 20.6 20.5 12 bps 18.8 178 bps 20.1 20.9 (79)bps<br />
PAT 17,681 17,373 1.8 15,802 11.9 65,765 61,684 6.6<br />
Consolidated Sectoral Data<br />
Key Figures (Rs m)<br />
2013 2014E 2015E<br />
Net Sales 1,945,403 2,202,998 2,464,477<br />
Growth (%) 22.9 13.2 11.9<br />
EBITDA 489,362 540,927 588,610<br />
Marg<strong>in</strong> (%) 25.2 24.6 23.9<br />
PAT 374,886 418,997 459,580<br />
Growth (%) 23.8 11.8 9.7<br />
PE (x) 16.6 14.8 13.5<br />
Quarterly Table (Rs m)<br />
Apr‐Jun'13 Apr‐Jun'12 QoQ gr. (%) Jan‐Mar'13 YoY gr. (%)<br />
Net Sales 528,568 503,077 5.1 476,558 10.9<br />
EBITDA 129,215 122,402 5.6 119,684 8.0<br />
Marg<strong>in</strong> (%) 24.4 24.3 12 bps 25.1 (67)bps<br />
PAT (Excl. Ex Items ) 101,077 97,766 3.4 90,687 11.5<br />
Note: Revenue, EBITDA and PAT numbers are arrived by total<strong>in</strong>g correspond<strong>in</strong>g numbers of all <strong>com</strong>panies under our coverage <strong>in</strong> this<br />
sector.<br />
July 8, 2013 116
Change language