The results of Bhansali Engineering and the ICICI LOMBARD coming on Monday are in the eye of the market.
The results of Bhansali Engineering and the ICICI LOMBARD coming on Monday are in the eye of the market. Let’s see how the results will be.
BHANSALI ENGG Q4 POLL (YoY)
Good figures are expected on a year-on-year basis in the fourth quarter. A 10 per cent jump in the company’s margins in the fourth quarter is possible. At the same time, margins will be supported by increasing prices and realization. The company has no debt and PE stands at 13.9x. In the third quarter, the company’s profit was up 700 per cent year-on-year.
ICICI Lombard
The fire and health insurance segment is expected to remain strong. However, there may be some sluggishness in the rate of growth. The company will see the benefit of growth in TP price and retail indemnity health insurance. The market will keep an eye on these related data. The company is expected to improve its total revenue on a quarterly basis. However, on a year-on-year basis, the company’s total income may fall by 11 per cent and may come down to Rs 2843 crore from Rs 3181 crore in the same period last year. Similarly, the profitability can also see an 18 per cent weakness on an annual basis and has come down to Rs 231 crore from Rs 282 crore in the previous year.
