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

Aor-Jul 2013 Earnings Preview
Summary Financials ‐ Quarterly (Rs m)
Amara Raja
Batteries
Apollo Tyres
Bharat Forge
CEAT
Exide Industries
Mothers on Sumi
Systems
Source: Company Data, PL Research
Q1FY14E Q1FY13 YoY gr. (%) Q4FY13 QoQ gr. (%) 12MFY14E 12MFY13 YoY gr. (%)
Sales 7,756 6,938 11.8 8,038 (3.5) 34,380 29,811 15.3
EBITDA 1,124 1,195 (5.9) 1,119 0.5 5,514 4,712 17.0
Margins (%) 14.5 17.2 (273)bps 13.9 57 bps 16.0 15.8 23 bps
PAT 710 757 (6.2) 594 19.5 3,200 2,943 8.7
Sales 30,622 31,647 (3.2) 30,378 0.8 140,371 127,945 9.7
EBITDA 3,249 3,516 (7.6) 3,559 (8.7) 15,529 14,566 6.6
Margins (%) 10.6 11.1 (50)bps 11.7 (111)bps 11.1 11.4 (32)bps
PAT 1,140 1,389 (17.9) 1,242 (8.2) 6,537 5,956 9.8
Sales 6,921 9,364 (26.1) 6,747 2.6 63,529 57,022 11.4
EBITDA 1,514 2,351 (35.6) 1,525 (0.7) 9,813 7,902 24.2
Margins (%) 21.9 25.1 (323)bps 22.6 (72)bps 15.4 13.9 159 bps
PAT 594 1,150 (48.4) 608 (2.3) 3,652 2,319 57.5
Sales 12,046 11,870 1.5 13,106 (8.1) 52,390 48,815 7.3
EBITDA 1,070 1,050 1.9 1,393 (23.2) 4,744 4,244 11.8
Margins (%) 8.9 8.8 3 bps 10.6 (175)bps 9.1 8.7 36 bps
PAT 299 258 16.1 609 (50.9) 1,434 1,202 19.3
Sales 14,992 15,536 (3.5) 15,412 (2.7) 67,575 60,767 11.2
EBITDA 1,997 2,328 (14.2) 2,044 (2.3) 9,136 7,896 15.7
Margins (%) 13.3 15.0 (166)bps 13.3 6 bps 13.5 13.0 53 bps
PAT 1,350 1,520 (11.2) 1,465 (7.8) 6,014 5,228 15.0
Sales 64,811 63,880 1.5 66,758 (2.9) 296,160 256,170 15.6
EBITDA 5,041 4,552 10.7 5,693 (11.4) 24,757 19,441 27.3
Margins (%) 7.8 7.1 65 bps 8.5 (75)bps 8.4 7.6 77 bps
PAT 1,391 2,090 (33.5) 1,613 (13.8) 8,050 6,074 32.5
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