Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
09 October, 2015 21:28 IST
Results Preview: Sun TV, Syndicate Bank
Source: IRIS | 23 Jan, 2013, 10.01AM
Comments  |  Post Comment

Following are the Q3 earnings review from Angel Broking for companies whose results will be declared today:

Sun TV:

Sun TV is slated to announce its 3QFY2013 results. The company is expected to post a healthy 12.1% yoy growth in its top-line to Rs 4.77 billion on the back of uptick in advertising revenue aided by festive season as well as increase in cable revenues. On the EBITDA front, the company`s margins are expected to contract by 113 bp yoy to 79%. However, net profit is expected to grow by 10.3% yoy to Rs 1.85 billion. At the current market price, Sun TV is trading at 22.3x FY2014E consolidated EPS of Rs 19.1. We maintain our `Neutral` view on the stock. 

Syndicate Bank:

Syndicate Bank is scheduled to announce its 3QFY2013 results today. We expect the bank to report a moderate 8.4% yoy growth in Net Interest Income to Rs 14.37 billion. Growth in non-interest income is expected to be healthy at 19.7% yoy to Rs 2.88 billion. Operating expenses are expected to increase at a higher pace of 24.5% yoy to Rs 8 billion. While, provisioning expenses are expected to decline by 23.9% yoy, tax expenses are expected to come in at Rs 1.28 billion compared to Rs 410 million in 3QFY2012, which would result in net profit growth of 13.4% yoy to Rs 3.83 billion. At the CMP, the stock is trading at 0.8x FY2014E ABV.  We recommend `Accumulate` rating on the stock, with a target price of Rs 158.

Disclaimer: IRIS has taken due care and caution in compilation of data for its web site. Information has been obtained by IRIS from sources which it considers reliable. However, IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.

Comments Post comment 
 Post Comment
Name Email
Security Code type    into this box
Related Articles
TCI board approves demerger of subsidiary - 09-Oct-2015 19:25
Tata Motors to invest USD 2 bn in Slovak Republic - 09-Oct-2015 19:01
Suprajit Engineering acquires balance 10.88% stake in Phoenix Lamps - 09-Oct-2015 16:56
Analysts see sequential rise in Infosys Q2 earnings - 09-Oct-2015 14:57
Unichem Labs gets USFDA nod for Montelukast Sodium tablets - 09-Oct-2015 14:56
IndusInd Bank Q2 profit climbs 30% - 09-Oct-2015 14:32
Aurobindo gets USFDA nod for Aripiprazole tablets - 09-Oct-2015 13:02
Cairn India's production rises 1% in H1FY16 - 09-Oct-2015 12:57
FIIs, DIIs reduce stake in Thermax in Sept quarter - 09-Oct-2015 12:38
Reliance Sec recommends 'Buy' on Persistent Systems; target Rs 875 - 09-Oct-2015 12:04
FIIs, DIIs raise stake in Crompton Greaves in September quarter - 09-Oct-2015 11:53
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer