A miner walks along rail tracks in an underground tunnel at the 296 meter level at the Nchanga copper mine, operated by Vedanta unit Konkola Copper Mines Plc (Photographer: Waldo Swiegers/Bloomberg)  

Earnings Today: Vedanta May Benefit From Higher Base Metal Prices In Q2

Metals and mining giant Vedanta Ltd., state-owned Power Grid Corporation Ltd. and drugmaker Glenmark Pharmaceuticals Ltd. are among the companies reporting their July-September quarter results today.

Vedanta may see profit rise 79 percent over last year to Rs 2,242 crore, according to Bloomberg consensus estimates. Net sales likely to grow 32 percent led by higher sales and production volumes of aluminium and zinc. Higher prices on the London Metal Exchange too may add to the Anil Agarwal-led firm’s top line. The margin is expected to narrow 200 basis points to 28 percent due to higher input costs.

Earnings Today: Vedanta May Benefit From Higher Base Metal Prices In Q2

What To Watch

  • EBITDA per tonne of the aluminium business
  • Production costs in aluminium business given disruptions in coal supply and temporary closure of power plants
  • EBITDA of power business given the ramp up of Talwani Sabo after a fire accident

State-owned Power Grid Corp may see a 14 percent rise in profit to Rs 2,129 crore, according to Bloomberg consensus estimates. The power transmission firm may report an 18 percent revenue growth year-on-year, while operating income may rise 15 percent to Rs 6,472.7 crore. Operating margin is expected to narrow 230 basis points to 87.7 percent.

Earnings Today: Vedanta May Benefit From Higher Base Metal Prices In Q2

What To Watch

  • Expected commissioning in the range of Rs 7,000-8,000 crore
  • Capitalisation and capital expenditure guidance
  • Segmental performance in transmission and consulting businesses

Other Earnings

Glenmark Pharmaceuticals

Earnings Today: Vedanta May Benefit From Higher Base Metal Prices In Q2

What To Watch

  • Growth in U.S. business
  • Recovery in Indian business
  • Impact of higher employee and research and development spends on the margin
  • Impact of higher finance costs

Berger Paints

Earnings Today: Vedanta May Benefit From Higher Base Metal Prices In Q2

What To Watch

  • Dealer-level restocking of inventory
  • Price hikes
  • Impact of higher raw material costs

Ujjivan Financial Services

Earnings Today: Vedanta May Benefit From Higher Base Metal Prices In Q2

What To Watch

  • Microfinance collections, especially in Karnataka and Maharashtra
  • Fresh disbursement trend