will government's massive surge in investment ... - Myiris.com

Apr-Jun 2013 Earnings Preview
Summary Financials ‐ Quarterly
Anant Raj
Industries
DLF
Housing
Development &
Infrastructure
Oberoi Realty
Peninsula Land
Pres tige Estates
Projects
Sobha Developers
Unitech
Source: Company Data, PL Research
Q1FY14E Q1FY13 YoY gr. (%) Q4FY13 QoQ gr. (%) 12MFY14E 12MFY13 YoY gr. (%)
Sales 852 915 (6.9) 1,273 (33.0) 6,123 5,586 9.6
EBITDA 372 470 (20.8) 386 (3.7) 3,123 1,605 94.6
Margins (%) 43.7 51.4 (770)bps 30.4 1,331 bps 51.0 28.7 2,227 bps
PAT 254 333 (23.7) 431 (41.0) 2,037 1,051 93.8
Sales 23,175 21,977 5.5 22,256 4.1 101,761 77,728 30.9
EBITDA 8,807 10,670 (17.5) 7,258 21.3 37,143 26,262 41.4
Margins (%) 38.0 48.6 (1,055)bps 32.6 539 bps 36.5 33.8 271 bps
PAT 2,123 2,943 (27.9) 501 323.7 8,487 7,623 11.3
Sales 1,395 2,012 (30.7) 1,427 (2.3) 14,322 10,252 39.7
EBITDA 825 1,577 (47.7) 1,049 (21.3) 5,623 6,723 (16.4)
Margins (%) 59.1 78.4 (1,927)bps 73.5 (1,434)bps 39.3 65.6 (2,631)bps
PAT 405 1,054 (61.6) (2,800) (114.5) 2,805 5,156 (45.6)
Sales 2,750 1,999 37.6 3,039 (9.5) 11,557 10,476 10.3
EBITDA 1,565 1,139 37.4 1,779 (12.0) 6,685 6,121 9.2
Margins (%) 56.9 57.0 (7)bps 58.5 (164)bps 57.8 58.4 (59)bps
PAT 1,280 1,008 27.0 1,451 (11.8) 5,215 5,049 3.3
Sales 805 1,334 (39.7) 1,060 (24.1) 6,549 7,412 (11.6)
EBITDA 220 465 (52.7) 74 198.1 2,217 1,966 12.8
Margins (%) 27.3 34.9 (753)bps 7.0 2,037 bps 33.9 26.5 734 bps
PAT 326 419 (22.3) 358 (9.0) 1,667 1,953 (14.7)
Sales 5,560 2,192 153.7 5,597 (0.7) 26,862 19,476 37.9
EBITDA 1,585 704 125.2 1,321 20.0 7,877 5,791 36.0
Margins (%) 28.5 32.1 (360)bps 23.6 491 bps 29.3 29.7 (41)bps
PAT 1,090 493 121.1 890 22.4 3,892 2,860 36.1
Sales 5,350 4,332 23.5 5,867 (8.8) 26,369 18,645 41.4
EBITDA 1,470 1,198 22.7 1,626 (9.6) 7,719 5,483 40.8
Margins (%) 27.5 27.7 (18)bps 27.7 (24)bps 29.3 29.4 (13)bps
PAT 578 450 28.4 696 (17.0) 3,803 2,172 75.1
Sales 6,852 4,077 68.0 8,483 (19.2) 26,830 24,405 9.9
EBITDA 878 547 60.4 797 10.1 5,060 3,270 54.7
Margins (%) 12.8 13.4 (61)bps 9.4 341 bps 18.9 13.4 546 bps
PAT 745 459 62.1 1,070 (30.4) 3,116 3,130 (0.5)
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