Top 5 Large Cap Companies Showing Signs Of A Turnaround In Q3FY14
The earnings season is on and the trickle will soon turn into flood where companies of all hues and cries will be announcing their results for the December quarter of 2013. Presenting here, companies that have witnessed a turnaround in the September quarter of FY14 and worth keeping a close eye on for they could spring up some more positive surprises in their December quarter numbers as well. The list is sorted on the basis of market capitalisation in descending order. All the companies here have a market capitalisation of more than Rs 3000 crore.
Let us take a look at the list of the companies:
| Company Name | PAT | Market Cap (Rs/Cr) |
|---|
| Q2FY14 | Q2FY13 |
|---|
| Cairn India | 2,235.88 | -25.01 | 62,152.02 |
| DLF | 83.03 | -19.54 | 28,823.86 |
| Siemens | 149.19 | -55.77 | 21,478.17 |
| Godrej Inds. | 29.84 | -51.38 | 9,724.92 |
| Max India | 1.99 | -17.43 | 5,386.24 |
Cairn India: Cairn India is one of the largest independent oil and gas exploration and production companies in India. The market capitalisation of the company stands at Rs 62152 crore. It accounts for more than 25% of India's domestic crude oil production. To date, Cairn India has opened four frontier basins with over 40 discoveries. 26 of these are in Rajasthan alone. During Q2FY14 the company had turned around and posted a profit of Rs 2235.88 crore as against a loss of Rs 25 crore posted during the same quarter last year. The results of the company for Q3FY14 are scheduled for January 23, 2014.
DLF: This real estate major had been in the limelight mainly due to the high debt that it carried in its books. But the company having realised the crisis, had sold off many non-core assets to reduce its debts. On the core business front, it had been doing well and the results were seen in its financial performance for Q2FY14. It had posted a profit of Rs 83.03 crore for Q2FY14 as against a loss of Rs 19.54 crore reported during Q2FY13. The market capitalisation of the company stands at Rs 28823 crore. The date for the release of Q3FY14 numbers are yet to be announced.
Siemens: Siemens is an integrated technology provider, which has a wide range of future-oriented solutions to meet technological challenges and makes for a good partner in India's growth. The company is a leading powerhouse in electronics and electrical engineering with a business volume aggregating about Rs 12000 crore. Siemens AG (Germany) holds 75% of the capital in this subsidiary. The company for Q2FY14 had posted a profit of Rs 149.19 crore as against a loss of Rs 55.77 crore it had reported during the same quarter last fiscal. The market capitalisation of the company stands at Rs 21478 crore. The results for the quarter ended December 2013 are slated to be released on January 30, 2014.
Godrej Industries: Godrej Industries is India's leading manufacturer of oleochemicals and makes more than a hundred chemicals for use in over two dozen industries. It also manufactures edible oils, vanaspati and bakery fats. Besides this, it operates into the real estate sector too. GIL is a member of the Godrej Group, which was established in 1897. The market capitalisation of the company stands at Rs 9724 crore. It posted a profit of Rs 29.84 crore for Q2FY14 as against a loss of Rs 51.38 crore during Q2FY13. The results for Q3FY14 will be announced on February 07, 2014.
Max India: Max India operates in the life and health insurance, clinical research, healthcare, and senior living businesses globally. The company posted a profit of Rs 1.99 crore for Q2FY14 as against a loss of Rs 17.43 crore for Q2FY13. The market capitalisation stands at Rs 5386 crore and the date for the announcement of Q3FY14 results is yet to be declared.