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RESULTS PREVIEW

Rs in crore

Sectors

Sales

Net Profit

JQ04

JQ05E

% change

JQ04

JQ05E

% change

Auto

12200

13189

8.1

933

1016

9

Banks

9606

11344

18.1

4057

4324

6.6

Cement

4182

4677

11.8

506

557

10.2

Engineering

5742

6805

18.5

235

295

25.8

FMCG

7584

8349

10.1

1020

1212

18.8

IT

7894

10350

31.1

1757

2223

26.5

Media

320

348

8.8

69

78

12.9

Metals

11544

15604

35.2

2408

3696

53.5

Oil,gas, petrochem

99287

130142

31.1

6407

7000

9.2

Pharma

5151

6137

19.1

725

884

21.9

Telecom

1704

2476

45.3

296

425

43.5

Fertilizers

807

843

4.4

64

91

42.3

Textiles

1365

1722

26.1

70

142

102.7

Utilities

9007

9693

7.6

1514

1681

11

Others

816

943

15.6

118

163

37.1

Total (112 companies)

177216

222628

25.6

20182

23793

17.9

Source: Motilal Oswal Securities

 The report expects good topline growth from sectors like telecom (45 per cent to Rs 2,476 crore), metals (35 per cent to Rs 15,604 crore), oil & gas/petrochemicals (31 per cent to Rs 1,30,142 crore) and IT (31 per cent to Rs 10,350 crore).  Volume growth will be the key
An analyst from another leading Mumbai-based brokerage added that the growth this time will have to come primarily from greater sales volumes. This is in contrast to the previous years, where the growth has mainly been powered by better efficiencies due to lower interest rates.  According to the report, telecom growth is likely to be driven by the growth in number of mobile phone subscribers during this quarter; metals would grow on the back of higher volumes and prices. Market watchers feel that high commodity prices will drive the growth in metal companies, while the higher orders coming from infrastructure spending may drive the industrial sector.  As for the oil and gas sector, while upstream oil companies like ONGC are expected to show good growth, downstream oil companies may not grow well because of government