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.
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 Name | M. Cap QoQ% | M. Cap YoY% | Revenue QoQ% | Revenue YoY% | PAT QoQ% | PAT YoY% |
| 1 | ACC Ltd. | -8.60% | -3.30% | 14.60% | 4.80% | -10.40% | -63.20% |
| 2 | Adani Ports and Special Economic Zone Ltd. | -6.50% | -4.80% | 2.90% | 2.80% | 28.10% | -4.40% |
| 3 | Adani Power Ltd. | 3.50% | 25.70% | 11.10% | 3.00% | NA* | NA* |
| 4 | Ambuja Cements Ltd. | -1.40% | -11.60% | ||||
| 5 | CESC Ltd. | 1.80% | 11.20% | -22.10% | 37.30% | -25.20% | 43.90% |
| 6 | Coal India Ltd. | 9.20% | -12.90% | 13.60% | -7.80% | 11.30% | -14.10% |
| 7 | Container Corporation Of India Ltd. | -10.50% | 4.50% | -12.00% | -6.80% | NA* | -37.40% |
| 8 | Dalmia Bharat Ltd. | 0.60% | 149.80% | 8.10% | 11.20% | -27.80% | -16.10% |
| 9 | DLF Ltd. | 57.80% | 75.10% | -21.80% | -39.50% | 25.30% | 104.50% |
| 10 | GMR Infrastructure Ltd. | 27.80% | 27.40% | 11.20% | 7.60% | NA* | NA* |
| 11 | Godrej Properties Ltd. | 0.70% | 64.80% | 47.40% | 12.60% | 19.80% | NA* |
| 12 | Hindalco Industries Ltd. | 12.90% | -3.80% | -1.60% | 144.60% | 8.90% | 328.40% |
| 13 | Hindustan Zinc Ltd. | -1.80% | -24.40% | 3.70% | -15.70% | -22.20% | -26.70% |
| 14 | Jindal Steel & Power Ltd. | 70.80% | 7.60% | 3.30% | -3.30% | NA* | NA* |
| 15 | JSW Energy Ltd. | 10.10% | -0.90% | -8.00% | -19.50% | 16.30% | 157.60% |
| 16 | JSW Steel Ltd. | 20.40% | -11.80% | 4.10% | -12.10% | -91.60% | -86.80% |
| 17 | Larsen & Toubro Ltd. | -10.50% | -9.10% | 2.60% | 5.90% | 0.00% | 10.40% |
| 18 | National Aluminium Company Ltd. | -5.60% | -34.10% | -11.60% | -23.20% | NA* | NA* |
| 19 | NBCC (India) Ltd. | 0.00% | -39.70% | 15.70% | -20.30% | NA* | -36.50% |
| 20 | NHPC Ltd. | 8.80% | -9.40% | -29.60% | 37.40% | -14.10% | 26454.10% |
| 21 | NMDC Ltd. | 33.10% | 29.70% | 34.10% | -17.60% | 96.00% | -12.80% |
| 22 | NTPC Ltd. | 3.80% | -1.90% | 3.90% | 5.40% | -37.30% | -36.50% |
| 23 | Oberoi Realty Ltd. | 6.60% | 15.00% | 7.30% | -0.20% | 7.10% | 8.70% |
| 24 | Power Grid Corporation Of India Ltd. | -0.50% | -2.30% | 3.50% | 7.20% | 5.00% | 42.40% |
| 25 | Prestige Estate Projects Ltd. | 17.20% | 41.40% | 39.40% | 154.50% | 40.30% | 249.10% |
| 26 | Shree Cement Ltd. | 13.20% | 24.00% | 4.70% | 13.10% | -0.50% | 3.50% |
| 27 | Steel Authority Of India Ltd. | 33.60% | -23.00% | NA* | |||
| 28 | Tata Power Company Ltd. | -2.90% | -24.90% | -7.90% | -11.40% | -51.30% | 6749.10% |
| 29 | Tata Steel Ltd. | 33.10% | -9.30% | 2.40% | -14.00% | NA* | NA* |
| 30 | The Ramco Cements Ltd. | 2.50% | 17.50% | -0.70% | 5.50% | -43.90% | -4.50% |
| 31 | Torrent Power Ltd. | 1.00% | 10.00% | -19.90% | -5.40% | -44.30% | 76.60% |
| 32 | UltraTech Cement Ltd. | 1.40% | 6.60% | 7.60% | -0.90% | 22.90% | 80.70% |
| 33 | Vedanta Ltd. | 2.20% | -23.50% | -2.80% | -9.90% | -2.40% | 14.30% |
| Average | 6.50% | 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. Â
- 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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