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

Apr-Jun 2013 Earnings Preview
Summary Financials ‐ Quarterly (Rs m)
Q1FY14E Q1FY13 YoY gr. (%) Q4FY13 QoQ gr. (%) 12MFY14E 12MFY13 YoY gr. (%)
Sales 3,771 2,968 27.1 3,337 13.0 14,470 12,808 13.0
South Indian Bank
EBITDA 2,471 2,075 19.1 2,061 19.9 9,158 8,486 7.9
Margins (%) 3.4 3.2 5bps 3.2 7bps 2.7 2.9 (5)bps
PAT 1,291 1,230 4.9 1,538 (16.1) 5,011 5,023 (0.2)
Sales 115,891 111,189 4.2 110,784 4.6 631,164 611,602 3.2
State Bank of India
EBITDA 81,825 81,767 0.1 77,606 5.4 366,806 403,000 (9.0)
Margins (%) 3.2 3.6 (11)bps 3.2 (0)bps 2.8 3.1 (10)bps
PAT 35,872 37,516 (4.4) 32,992 8.7 152,792 177,008 (13.7)
Sales 20,966 18,217 15.1 19,795 5.9 85,919 75,428 13.9
EBITDA 15,497 12,671 22.3 16,846 (8.0) 60,863 55,827 9.0
Union Bank of
India
YES Bank
Source: Company Data, PL Research
Margins (%) 2.8 2.9 (3)bps 2.8 1bps 2.6 2.6 (2)bps
PAT 6,377 5,116 24.7 7,894 (19.2) 24,598 21,579 14.0
Sales 6,843 4,722 44.9 6,381 7.2 28,051 22,188 26.4
EBITDA 6,499 4,596 41.4 6,339 2.5 26,230 21,417 22.5
Margins (%) 3.0 2.8 7bps 3.0 0bps 2.6 2.6 3bps
PAT 3,786 2,901 30.5 3,622 4.5 15,639 13,007 20.2
Financials
Summary Financials ‐ Quarterly (Rs m)
HDFC
Infrastructure
Development
Finance
Corpora ti on
LIC Hous ing
Finance
Mahindra &
Mahindra
Financial Services
Shri ra m Tra ns port
Finance
Source: Company Data, PL Research
Q1FY14E Q1FY13 YoY gr. (%) Q4FY13 QoQ gr. (%) 12MFY14E 12MFY13 YoY gr. (%)
Sales 16,933 14,638 15.7 20,322 (16.7) 72,891 57,988 25.7
EBITDA 16,490 13,799 19.5 20,997 (21.5) 82,334 67,178 22.6
PAT 12,037 10,019 20.1 15,552 (22.6) 58,293 48,483 20.2
Sales 6,741 6,290 7.2 6,430 4.8 28,250 25,492 10.8
EBITDA 7,889 6,490 21.6 8,580 (8.1) 32,153 29,440 9.2
PAT 4,960 3,800 30.5 5,260 (5.7) 21,494 18,370 17.0
Sales 4,282 3,505 22.2 4,608 (7.1) 19,653 15,345 28.1
EBITDA 4,211 3,479 21.1 4,128 2.0 18,511 14,524 27.5
PAT 3,095 2,277 35.9 3,162 (2.1) 13,019 10,231 27.2
Sales 6,386 4,876 31.0 6,632 (3.7) 29,260 22,380 30.7
EBITDA 4,264 3,248 31.3 4,673 (8.8) 20,785 15,626 33.0
PAT 2,139 1,610 32.8 3,338 (35.9) 10,460 8,827 18.5
Sales 5,030 2,702 86.1 5,046 (0.3) 39,714 32,894 20.7
EBITDA 7,206 6,084 18.4 6,890 4.6 34,777 28,613 21.5
PAT 3,658 3,218 13.7 3,552 3.0 15,912 13,606 16.9
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