6 key highlights of the result review q4fy16
TRANSCRIPT
6 key highlights of the results review
MOSL Universe (ex PSU Banks, OMCs) sales, EBITDA and PAT growth are at seven-quarter
highs.
MOSL Universe revenue growth (+4%) has turned positive after five quarters.
Operating margins for MOSL Universe
(Ex Financials & OMCs) at 19-quarter high.
PAT margin for MOSL Universe (Ex Financials & OMCs) at 15-quarter high.
Nifty earnings ex the 4 corporate lenders (ICICI, SBI, Axis and BoB) significantly
outperformed the estimates (PAT growth of 13% vs estimate of 6%).
The number of companies that met/beat estimates were 67%, highest in last 10 quarter
We have raised our FY17 EPS for 51 companies (3%
upgrade) and cut our FY17 EPS for 65 companies (3%
downgrade). Intensity of
downgrade in select cyclical – banks and commodities still led
to an aggregate downgrade.
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Motilal Oswal Securities Ltd. (MOSL) Member of NSE, BSE & MSEI - CIN no.: U65990MH1994PLC079418 Registered Office Address: Motilal Oswal Tower, Rahimtullah Sayani Road, Opposite Parel ST Depot, Prabhadevi, Mumbai-400025; ; Tel No.: 022-3980 4263; www.motilaloswal.com. Correspondence
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