Construction, Realty & Metals Sector – Q3 FY20 Results Analysis

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In this article, you will get the latest quarterly result updates of Construction, Realty and Metals sector companies comprising in NIFTY 200 index. Updated as on 15th Feb, 2020.

Construction, Realty & Metals Sector Analysis

Introduction

In this article, you will get the latest quarterly result updates of Construction, Realty and Metals sector companies comprising in NIFTY 200. Updated as on 15th Feb, 2020.

We have already covered three sectoral analysis – FMCG sector, Healthcare sector, Auto & Auto Ancillary sector and Banking, Finance & Insurance sector.

Detailed Stock Analysis by Invest Yadnya
Detailed Stock Analysis by Invest Yadnya

Here, the percentage growth year-on-year (YoY%) as well as quarter-on-quarter (QoQ%) for the Market Capitalization (Mkt Cap), Revenue and Net Profit (PAT) of Construction, Realty and Construction sector companies in NIFTY 200 is given.

Sr. No.Company NameM. Cap QoQ%M. Cap YoY%Revenue QoQ%Revenue YoY%PAT
QoQ%
PAT
YoY%
1ACC Ltd.-8.60%-3.30%14.60%4.80%-10.40%-63.20%
2Adani Ports and Special Economic Zone Ltd.-6.50%-4.80%2.90%2.80%28.10%-4.40%
3Adani Power Ltd.3.50%25.70%11.10%3.00%NA*NA*
4Ambuja Cements Ltd.-1.40%-11.60%
5CESC Ltd.1.80%11.20%-22.10%37.30%-25.20%43.90%
6Coal India Ltd.9.20%-12.90%13.60%-7.80%11.30%-14.10%
7Container Corporation Of India Ltd.-10.50%4.50%-12.00%-6.80%NA*-37.40%
8Dalmia Bharat Ltd.0.60%149.80%8.10%11.20%-27.80%-16.10%
9DLF Ltd.57.80%75.10%-21.80%-39.50%25.30%104.50%
10GMR Infrastructure Ltd.27.80%27.40%11.20%7.60%NA*NA*
11Godrej Properties Ltd.0.70%64.80%47.40%12.60%19.80%NA*
12Hindalco Industries Ltd.12.90%-3.80%-1.60%144.60%8.90%328.40%
13Hindustan Zinc Ltd.-1.80%-24.40%3.70%-15.70%-22.20%-26.70%
14Jindal Steel & Power Ltd.70.80%7.60%3.30%-3.30%NA*NA*
15JSW Energy Ltd.10.10%-0.90%-8.00%-19.50%16.30%157.60%
16JSW Steel Ltd.20.40%-11.80%4.10%-12.10%-91.60%-86.80%
17Larsen & Toubro Ltd.-10.50%-9.10%2.60%5.90%0.00%10.40%
18National Aluminium Company Ltd.-5.60%-34.10%-11.60%-23.20%NA*NA*
19NBCC (India) Ltd.0.00%-39.70%15.70%-20.30%NA*-36.50%
20NHPC Ltd.8.80%-9.40%-29.60%37.40%-14.10%26454.10%
21NMDC Ltd.33.10%29.70%34.10%-17.60%96.00%-12.80%
22NTPC Ltd.3.80%-1.90%3.90%5.40%-37.30%-36.50%
23Oberoi Realty Ltd.6.60%15.00%7.30%-0.20%7.10%8.70%
24Power Grid Corporation Of India Ltd.-0.50%-2.30%3.50%7.20%5.00%42.40%
25Prestige Estate Projects Ltd.17.20%41.40%39.40%154.50%40.30%249.10%
26Shree Cement Ltd.13.20%24.00%4.70%13.10%-0.50%3.50%
27Steel Authority Of India Ltd.33.60%-23.00%NA*
28Tata Power Company Ltd.-2.90%-24.90%-7.90%-11.40%-51.30%6749.10%
29Tata Steel Ltd.33.10%-9.30%2.40%-14.00%NA*NA*
30The Ramco Cements Ltd.2.50%17.50%-0.70%5.50%-43.90%-4.50%
31Torrent Power Ltd.1.00%10.00%-19.90%-5.40%-44.30%76.60%
32UltraTech Cement Ltd.1.40%6.60%7.60%-0.90%22.90%80.70%
33Vedanta Ltd.2.20%-23.50%-2.80%-9.90%-2.40%14.30%
Average6.50%2.80%2.30%2.80%-27.30%-11.10%

Sector Update – Construction, Realty & Metals

The companies were in losses in any  one of the periods considered for calculation purpose and hence percentage change cannot be calculated in such cases.

Key Finding
  • Infrastructure projects growth in the country was affected by slow economic growth, low liquidity due to below average tax collections and limited private capital.
  • An ambitious announcement of ‘National Infrastructure Pipeline’ of Rs. 102 trillion is a welcome step by Infra sector.
  • With IBR resolutions, improvement is expected in project finance for players with organized financials.
  • Government tenders are in momentum for L&T with major projects in the state of Maharashtra.  
  • Cement prices have seen a decreasing trend due to Infra slowdown. The cement companies have been pushing stock to achieve year end targets, leading to further decline.
  • Cement companies have benefited from declining petroleum coke/coal prices keeping their production costs in check.
  • CESC’s growth in PAT is mainly due to lower purchase costs.
  • Profitability of DLF was aided due to exceptional items like profit from sale of stake.
  • Rise in Hindalco’s profitability is contributed largely by increase in its subsidiary’s EBITDA margin.
  • Tata Power grew mainly due to better performance of Coastal Gujarat Power Ltd, a wholly owned subsidiary.

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