Q2 Results Tomorrow: What to expect from Shree Cement, Info Edge, and Power Grid

Over 400 companies are set to announce their earnings on Tuesday for the September quarter. Some notable names among
this massive pool are Power Grid, Shree Cements and Info Edge.

Here's a brief look at what to expect from these companies in Q2:


Power Grid
Analysts expect revenues to see a marginal decline due to lower contributions from the consultancy segment and the prior period income of Rs 410 crore.

Revenue from operations is seen falling 0.5% to Rs 11,055 crore in the second quarter, according to Kotak Equities. Meanwhile, the net profit will likely rise 25% to Rs 4,178 crore.

Shree Cement
Shree Cement's revenue from operations is likely to rise around 17% year-on-year, while adjusted net profit is likely to double from a year-ago period, according to Motilal Oswal.
“We estimate EBITDA/tonne at Rs 1,028 and variable cost/tonne to decline 6% year-on-year," the brokerage said.

Analysts expect volume to increase 10% year-on-year during the September quarter.

Info Edge
Info Edge is expected to rise by a marginal 2.6% year-on-year, on revenue de-growth in the core recruitment business on the back of lower cash collections.

Net profit for the September quarter is likely to rise 14% year-on-year to Rs 191 crore, according to Nuvama Institutional Equities.

"Revenue for Jeevansathi is seen rising 2%, while the same from 99acres may grow 4%. The Shiksha business revenue is likely to decline 18% quarter-on-quarter," the brokerage said.

Kotak Equities expects EBITDA to grow 25% year-on-year to Rs 230 crore in the July-September period and margins may see significant improvement.

"We model EBITDA margins of 38.6%, an improvement on account of lower losses in 99acres and JS due to lower ad-spends," it said.