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India Sensex Companies’ Third-Quarter Profit Rises 4.3%

The following are the median of analysts’ estimates for profit and sales compiled by Bloomberg for the 30 companies in the benchmark BSE India Ltd. Sensitive Index (SENSEX) for the third quarter ended Dec. 31. Net income at Sensex companies rose 4.3 percent from a year earlier, if Jaiprakash Associates Ltd. (JPA) is included. Jaiprakash was replaced by GAIL India Ltd. (GAIL) in the index on Jan. 9. Sixteen companies reported earnings that beat estimates.

Company names are in alphabetical order and figures are in billions of rupees (1 billion rupees = $20.3 million). Actual profit and sales declared in the quarter is shown in the middle column. Company tickers and time periods are listed in brackets.


Company           Estimates Estimates   Actual    Actual   Actual  Actual

                   Profit    Sales      Profit    Sales    Profit   Sales
                  (Analysts)
Period             (Oct.-Dec. Qtr)    (Oct-Dec. 2011 Qtr.) (Year Earlier)
------------------------------------------------------------------------
Bajaj Auto Ltd.     7.85     49.5       7.95     48.4      6.67     39.8
(BJAUT IN) (3Q)     (35)


Bharat Heavy       14.8     105.9      14.3     105.5     14.0      88.5
Electricals Ltd.    (30)
(BHEL IN) (3Q)


Bharti Airtel      13.9     184.4      10.1     184.8     13.0#    157.7
Ltd.                (28)
(BHARTI IN) (3Q)


Cipla Ltd.          2.98     17.7       2.70     17.1      2.33     15.0
(CIPLA IN) (3Q)     (27)


Coal India Ltd.    36.4     156.3       40.4    153.5     26.3     126.9
(COAL IN) (3Q)      (28)


DLF Ltd.            3.92     25.7       2.58     20.3      4.66     24.8
(DLFU IN) (3Q)      (25)


HDFC Bank Ltd.     13.85    ----*      14.3      31.2*    10.9      27.8*
(HDFCB IN) (3Q)     (42)


Hero Motocorp
Ltd.                6.27     60.1       6.13     59.8      4.29#    51.2
(HMCL IN) (3Q)      (36)


Hindalco            4.39     61.3       4.51     66.5      4.60     59.2
Industries Ltd.     (25)
(HNDL IN) (3Q)

Hindustan           6.96     58.7       7.54     58.5      6.38#    50.3
Unilever Ltd.       (31)
(HUVR IN) (3Q)


Housing Develop-   10.2      ----       9.81     13.7*     8.91     11.6*
ment Finance Corp.  (16)
(HDFC IN) (3Q)


ICICI Bank Ltd.    15.9      ----*     17.3      27.1*    14.4      23.5*
(ICICIBC IN) (3Q)   (41)


Infosys Ltd.       22.8      91.8      23.7      93.0     17.8      71.1
(INFO IN) (3Q)      (44)


ITC Ltd.           16.4      64.2      17.01     62.0     13.9      54.5
(ITC IN) (3Q)       (28)


Jaiprakash
Associates Ltd.     1.37     35.1       2.05     32.6      2.33     28.9
(JPA IN) (3Q)       (18)


Jindal Steel &     10.3      45.1       9.97     43.5      9.51     31.7
Power Ltd.          (14)
(JSP IN) (3Q)

Larsen & Toubro     8.69    133.8       9.92    140.0      8.41#   114.0
Ltd.                (23)
(LT IN) (3Q)


Mahindra &          6.84     79.8       6.62     83.3      7.35#    60.7
Mahindra Ltd.       (32)
(MM IN) (3Q)


Maruti Suzuki       2.17     75.0       2.06     76.6      5.65     92.8
India Ltd.          (32)
(MSIL IN) (3Q)


NTPC Ltd.          23.0     160.8      21.3     153.3     23.7     134.2
(NATP IN) (3Q)      (29)


Oil & Natural      66.8     213.7      67.4     181.2     70.8     185.9
Gas Corp.           (34)
(ONGC IN) (3Q)


Reliance Indus-    45.6     824.3      44.4     851.4     51.4     597.9
tries Ltd.          (29)
(RIL IN) (3Q)


State Bank of      30.85     ----*     32.6     114.6*    28.3      90.5*
India               (39)
(SBIN IN) (3Q)


Sterlite           11.4      94.9       9.14    102.5     11.01     82.9
Industries Ltd.     (25)
(STLT IN) (3Q)


Sun Pharmaceutical  5.42     19.2       6.68     21.5      3.50     15.6
Industries Ltd.     (34)
(SUNP IN) (3Q)


Tata Consultancy   28.3      132.1     28.9     132.0     23.7      96.6
Services Ltd.       (35)
(TCS IN) (3Q)


Tata Motors Ltd.    3.81     137.9      1.74    132.6      4.10    114.6
(TTMT IN) (3Q)      (7)
Tata Motors Group^ 26.6      425.9     34.1     451.0     24.2     315.1
                    (12)

Tata Power Ltd.     2.59     19.1       4.23     21.6      1.54     16.0
(TPWR IN) (3Q)      (10)
Tata Power Group^   5.21     63.5       2.63     66.5      4.42     44.1
                    (13)

Tata Steel Ltd.    14.0      81.6      14.2      83.0     15.1      73.2
(TATA IN) (3Q)      (14)
Tata Steel Group^   2.57    305.5      -6.03    329.6     10.03    286.1
                    (28)

Wipro Ltd.         14.5      97.9      14.6     100.0     13.2      78.3
(WPRO IN) (3Q)      (48)
-----------------------------------------------------------------------------
Total (SENSEX)    466.24              464.67             445.65

GAIL (India)        9.96     96.8      10.6     112.6      9.68     83.6
(GAI IN)            (35)

Note: * For banks, the sales estimates refer to net interest income.

# Includes one-time gain/loss.

^ Group numbers are included in total.

To contact the reporter on this story: Paresh Jatakia in Mumbai at pareshj@bloomberg.net

To contact the editor responsible for this story: Arijit Ghosh at aghosh@bloomberg.net

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