QTR_Date End

200503
200506
200509
200512
200603
200606
200609
200612
200703
200706
200709
200712
200803
200806
200809
200812
200903
200906
200909
200912
201003
201006
201009
201012
201103
201106
201109
201112
201203
201206
201209
201212

Axis Bank Ltd.

Bajaj Auto Ltd. Bharat Heavy Electricals Ltd.
Bharti Airtel Ltd.
QTR_Net Sales QTR_Net Sales QTR_Net Sales
QTR_Net Sales
556.05
4466.61
0.00
621.84
1634.15
1936.59
2413.31
687.60
1866.95
2510.29
2625.94
746.70
2000.94
3326.71
2919.08
832.65
2165.86
5515.69
3270.36
953.92
2202.66
2656.33
3682.47
1050.09
2435.97
3341.15
4180.91
1189.62
2568.23
4339.69
4712.32
1366.77
2313.55
6919.68
5218.73
1511.05
2108.65
3233.92
5611.62
1676.49
2244.13
3965.36
6059.89
1802.34
2398.60
4964.14
6618.27
2015.43
1984.46
7202.04
7413.73
2266.44
2224.38
4329.24
7893.01
2545.05
2420.27
5342.63
8274.37
2984.77
2004.75
6022.25
8830.11
3039.22
1787.54
10540.07
9016.81
2905.56
2258.99
5595.65
9040.50
2860.36
2793.22
6625.21
8901.70
2883.65
3165.84
7100.34
8755.50
2988.45
3290.45
13559.10
8911.90
3325.59
3737.29
6479.69
9323.70
3624.25
4180.91
8328.41
9299.90
3838.31
3980.15
8849.27
9563.70
4366.66
4030.26
17914.93
9829.10
4881.40
4535.38
7123.38
10180.50
5275.97
4989.39
10299.07
10165.00
5776.96
4839.95
10541.01
10501.10
6060.32
4515.55
19264.40
10757.20
6482.86
4713.64
8326.24
10980.60
6687.23
4817.07
10399.62
11523.00
6964.93
5307.20
10041.65
11299.00

Source:AceEquity
Disclaimer : Accord Fintech Pvt Ltd has taken all the necessary steps and measures in compilation of the Data present in the

Cipla Ltd.
Coal India Ltd. Dr. Reddys Laboratories Ltd.
GAIL (India) Ltd. HDFC Bank Ltd.
QTR_Net Sales QTR_Net Sales QTR_Net Sales
QTR_Net Sales
QTR_Net Sales
534.98
355.96
3308.37
867.21
662.81
512.93
3287.71
894.13
671.70
519.27
3601.24
1022.90
780.62
475.60
3910.65
1179.81
870.59
498.63
3659.81
1378.50
863.58
700.93
4078.41
1504.29
896.11
836.45
3706.99
1635.66
880.54
1153.39
4378.37
1759.31
938.47
1059.33
3883.41
1989.76
901.83
725.59
4245.68
2069.16
1037.93
843.77
4528.90
2362.76
1006.51
754.07
4298.33
2726.90
1122.10
988.87
4935.29
2956.18
1170.76
1079.25
5730.71
3621.73
1302.46
922.43
6129.28
3991.21
1264.30
952.12
5811.65
4468.50
1235.17
1045.83
6128.18
4250.83
1325.26
1144.17
6039.23
4093.10
1371.18
1073.22
6223.30
3991.89
1344.16
1031.36
6211.75
4034.81
1317.49
1152.37
6522.12
4053.11
1427.38
60.06
1256.22
7095.95
4419.71
1579.88
48.52
1278.32
8104.09
4809.99
1501.36
143.15
1364.79
8364.99
5229.96
1608.39
157.73
1318.71
8893.61
5468.55
1550.33
123.07
1675.71
8867.38
5977.97
1731.83
66.87
1612.56
9699.02
6717.70
1711.47
71.30
1566.80
11259.78
7202.64
1814.05
154.62
1748.71
10454.56
7561.05
1922.03
90.95
1747.55
11088.62
8175.74
2152.63
49.24
2041.29
11361.22
8674.82
2039.59
90.13
2124.60
12474.25
8890.40

ation of the Data present in the AceEquity. We have tried our level best to provide data from reliable source. However, Accord Fintech P

Hero MotoCorp Ltd. Hindalco Industries Ltd.

Hindustan Unilever Ltd.
QTR_Net Sales
QTR_Net Sales
QTR_Net Sales
1940.33
2515.70
2506.38
1977.06
2207.80
2836.32
2166.27
2660.80
2731.54
2314.77
2873.70
2974.33
2255.88
3657.40
2798.05
2364.37
4273.70
3083.23
2229.96
4634.20
3066.01
2666.05
4656.20
3156.10
2639.58
4748.90
3184.32
2447.99
4677.90
3481.40
2352.09
4900.70
3364.63
2743.07
4473.70
3687.40
2788.65
5010.20
3762.58
2843.53
4619.15
4152.84
3189.71
5636.56
4027.87
2874.04
4080.17
4307.71
3411.84
3717.09
3988.33
3811.05
3868.31
4475.68
4040.10
4890.41
4228.11
3814.42
5284.41
4504.26
4092.61
5350.70
4315.75
4264.61
5145.51
4793.89
4511.29
5802.76
4680.87
5118.19
5917.85
5027.01
5350.94
6760.75
4893.67
5637.64
5979.03
5495.91
5784.32
6220.47
5516.00
5983.55
6590.23
5844.31
5962.54
7563.33
5660.48
6207.78
5964.11
6250.15
5151.18
6114.71
6155.41
6151.31
6789.90
6433.69

urce. However, Accord Fintech Pvt Ltd does not guarantee the accuracy,adequacy or completeness of any Data in the AceEquity and is no

Housing Development Finance Corporation Ltd.

ICICI Bank Ltd. Infosys Ltd.
ITC Ltd.
QTR_Net Sales
QTR_Net Sales QTR_Net Sales QTR_Net Sales
952.28
2605.24
1900.19
2177.11
932.55
3213.31
1967.17
2266.88
1045.20
3213.31
2170.00
2183.15
1051.97
3583.61
2398.00
2556.04
1235.82
3989.79
2493.00
2784.46
1245.72
5038.63
2867.00
2849.75
1446.79
5469.43
3273.00
2887.64
1358.39
5824.65
3454.00
3165.57
1526.68
6661.58
3555.00
3466.34
1724.15
7330.83
3551.00
3293.83
1839.83
7516.47
3862.00
3270.14
1981.51
7911.77
3999.00
3449.17
2240.26
8029.27
4235.00
3934.39
2219.92
7891.80
4516.00
3899.70
2503.37
7834.98
5066.00
3763.29
2919.62
7836.08
5429.00
3833.31
3145.77
7529.69
5253.00
3950.32
2792.89
7133.44
5104.00
4147.58
2783.54
6656.94
5201.00
4352.26
2705.57
6089.57
5335.00
4599.56
2846.88
5826.98
5500.00
5053.79
2797.13
5812.54
5758.00
4823.59
2906.55
6309.10
6425.00
5083.48
3148.95
6695.96
6534.00
5424.25
3640.56
7156.45
6668.00
5836.26
3800.67
7618.52
6905.00
5767.47
4077.05
8157.62
7470.00
5974.18
4379.34
8591.87
8696.00
6195.43
4805.69
9174.64
8183.00
6861.35
4914.71
9545.65
8909.00
6652.21
5175.34
10026.33
9129.00
7146.00
5145.70
10138.29
9398.00
7627.07

cy or completeness of any Data in the AceEquity and is not responsible for any errors or omissions or for the results obtained from the u

Larsen & Toubro Ltd. Mahindra & Mahindra Ltd.

Maruti Suzuki India Ltd.
NTPC Ltd.
QTR_Net Sales
QTR_Net Sales
QTR_Net Sales
QTR_Net Sales
4290.79
1910.68
3045.18
6426.90
3128.23
1811.87
2627.13
6056.70
3371.60
1914.81
3039.93
5925.90
3691.00
2207.17
3114.17
6868.90
4627.87
2288.83
3277.01
7291.40
3476.90
2236.25
3125.47
7153.60
3736.07
2490.50
3419.19
6813.80
4118.42
2576.06
3679.47
8146.80
6248.24
2747.45
4413.44
8860.30
4504.00
2612.78
3913.67
8969.70
5501.15
2802.40
4529.70
8016.90
6382.68
2934.42
4654.00
9330.80
8466.87
3142.21
4762.91
10743.60
6901.43
3287.25
4731.03
9539.47
7682.20
3305.68
4806.26
9661.42
8593.96
2506.26
4512.64
11277.06
10468.98
3619.38
6308.35
11445.78
7362.71
4229.46
6340.26
12002.68
7866.18
4465.00
7049.58
10782.79
8071.37
4478.70
7333.77
11183.73
13374.89
5278.86
8234.86
12353.39
7831.19
5124.17
8050.67
12944.49
9422.16
5311.26
8937.10
12989.29
11395.76
6074.46
9276.73
13421.28
15261.17
6633.84
9796.71
15518.94
9482.11
6628.07
8256.58
14171.49
11244.15
7244.30
7435.85
15377.54
13983.61
8278.38
7527.10
15332.30
18460.90
9241.28
11486.36
16263.56
11955.35
9247.94
10529.24
15959.96
13195.23
9659.20
8070.11
16119.67
12869.34
10642.60
10956.95
15774.91

e results obtained from the use of such Data. Accord Fintech especially states that it has no financial liability whatsoever to the users of A

Oil & Natural Gas Corporation Ltd.

Reliance Industries Ltd.
Sesa Sterlite Ltd. State Bank Of India
QTR_Net Sales
QTR_Net Sales
QTR_Net Sales
QTR_Net Sales
12148.92
17839.00
739.20
8647.51
10869.74
17784.00
438.50
9166.29
12679.80
20717.00
164.41
8561.41
12476.07
18168.00
510.37
9558.15
11898.37
24542.00
585.49
8509.08
14602.77
24522.00
430.88
8836.15
14068.55
30056.00
226.24
9377.47
15564.52
28195.00
587.89
9735.94
12396.97
27448.00
760.11
11541.46
13687.70
29524.00
454.18
11090.50
15413.92
32043.00
329.13
11616.28
15120.83
34590.00
1195.88
12666.82
15626.07
37286.00
1622.73
13576.73
20052.20
41579.00
1231.91
13799.20
17407.40
44688.00
828.73
15566.50
12436.43
29564.00
1352.92
17080.34
13703.80
26082.00
1342.28
17342.39
14879.27
31187.00
941.27
17472.76
15080.59
46848.00
448.25
17775.88
15298.43
56856.00
1378.80
17779.69
14713.26
57570.00
1834.01
17965.59
13665.60
58228.00
1899.18
18452.12
18193.59
57479.00
803.75
19808.09
18586.41
59789.00
1679.55
21412.79
15396.19
72674.00
3059.09
21721.35
16198.96
81018.00
1683.85
24197.44
22616.32
78569.00
751.01
26026.88
18123.84
85135.00
2002.53
27661.42
18819.29
85182.00
2023.47
28582.78
20084.33
91876.00
1363.87
28922.44
19788.18
90336.00
280.05
29606.84
20987.18
93886.00
228.56
30365.38

liability whatsoever to the users of AceEquity.Accord or any of its directors/ employees/ representatives does not accept any liability fo

Sun Pharmaceutical Industries Ltd.

Tata Consultancy Services Ltd.
Tata Motors Ltd.
QTR_Net Sales
QTR_Net Sales
QTR_Net Sales
304.79
2147.66
5338.87
440.24
2250.06
3878.09
436.65
2504.49
4781.31
428.27
2720.19
5074.55
418.63
3068.39
6882.75
540.87
3434.24
5783.41
405.99
3664.47
6571.79
417.91
3824.22
6956.84
430.64
4090.16
8267.00
508.81
4134.41
6056.82
541.28
4486.73
6594.59
733.91
4774.05
7205.97
581.64
4942.49
8749.52
670.81
5212.00
6887.02
697.53
5699.96
7029.33
631.06
5875.48
4713.63
770.35
5616.56
6682.68
405.88
5609.60
6349.59
474.39
5744.40
7923.01
489.64
5883.39
8923.99
465.32
5807.06
12169.71
486.78
6410.95
10351.87
500.33
7267.45
11194.42
447.27
7627.26
11219.29
498.74
7969.75
14271.93
521.19
8439.41
11559.45
564.78
9146.33
12886.18
631.21
9914.26
13262.65
680.99
10170.91
16297.13
760.61
11436.70
10510.64
805.68
11948.73
12396.46
875.73
12391.32
10528.66

s not accept any liability for any direct or consequential loss arising from the use of the Data contained in the AceEquity or any data gene

Tata Power Company Ltd.

Tata Steel Ltd. Wipro Ltd.
QTR_Net Sales
QTR_Net Sales QTR_Net Sales
860.94
3864.65
2055.50
1044.68
3464.52
2027.20
979.95
3865.10
2254.90
1162.43
3680.80
2467.80
1106.21
4128.97
3498.00
1344.63
3915.85
3001.60
1200.83
4185.75
3321.10
1200.51
4469.98
3569.30
947.40
4980.44
3787.60
1511.48
4197.58
3679.10
1350.56
4724.85
4150.00
1419.40
4928.23
4357.00
1634.47
5736.69
5295.20
1989.27
6087.23
4704.70
1924.15
6725.89
5405.00
1741.47
4750.61
5397.00
1379.77
6379.58
5298.90
1975.59
5554.02
5287.90
1672.28
5629.85
5857.80
1527.80
6307.48
5892.90
1717.80
7225.47
6140.90
1802.45
6471.27
5982.20
1570.82
7038.13
6556.90
1595.87
7324.69
6623.40
1630.22
8239.41
7157.60
1842.07
7792.20
7147.70
1864.39
8142.19
7654.80
2161.05
8304.58
8270.80
2184.02
9375.91
8127.70
2190.02
8820.19
7863.20
2409.01
9034.20
8157.00
2447.92
9268.19
8402.90

ontained in the AceEquity or any data generated from the AceEquity.

Year
1
1
1
1
2
2
2
2
3
3
3
3
4
4
4
4
5
5
5
5
6
6
6
6

Hero MotoCorp Ltd.

Quuarter QTR_Net Sales
MA
CMA
Seasonal Irregular
1
1940.33
2
1977.06
3
2166.27 2099.61 2139.05
1.012724683
4
2314.77 2178.50 2226.91
1.039454356
1
2255.88 2275.32 2283.28
0.987998097
2
2364.37 2291.25 2335.16
1.012510947
3
2229.96 2379.07 2427.03
0.918802939
4
2666.05 2474.99 2485.44
1.072666135
1
2639.58 2495.90 2511.16
1.051139189
2
2447.99 2526.43 2536.06
0.965274807
3
2352.09 2545.68 2564.32
0.91723866
4
2743.07 2582.95 2632.39
1.042044452
1
2788.65 2681.84 2786.54
1.000758109
2
2843.53 2891.24 2907.61
0.97796086
3
3189.71 2923.98 3001.88
1.062570347
4
2874.04 3079.78 3200.72
0.897935465
1
3411.84 3321.66 3427.96
0.995297858
2
3811.05 3534.26 3651.81
1.043607202
3
4040.10 3769.35 3854.45
1.048165448
4
3814.42 3939.55 3996.24
0.954502232
1
4092.61 4052.94 4111.83
0.995324774
2
4264.61 4170.73 4333.70
0.984056651
3
4511.29 4496.68
4
5118.19

SUMMARY OUTPUT
Regression Statistics
Multiple R 0.979314
R Square
0.959056
Adjusted R Square
0.955157
Standard Error
188.5688
Observations
24
ANOVA
df
2
21
23

SS
MS
F
17491044.36 8745522 245.9496
746722.0169 35558.19
18237766.38

Significance F
2.67896E-15

Coefficients
Intercept 2135.371
X Variable 1 -15.3343
X Variable 2 5.365121

Standard Error
t Stat
P-value
125.8134213 16.97252 9.71E-14
23.1883024 -0.66129 0.515614
0.900468502 5.958145
6.5E-06

Lower 95%
1873.728032
-63.55700718
3.492494736

Regression
Residual
Total

Seasona Index
1.00610
0.99668
0.99190
1.00132

Deseasonal t
1928.55884
1983.64154
2183.95916
2311.71731
2242.19453
2372.24087
2248.16924
2662.53405
2623.56678
2456.13924
2371.29652
2739.45248
2771.73244
2852.99597
3215.75629
2870.24976
3391.14181
3823.7368
4073.09034
3809.38959
4067.78186
4278.80668
4548.12795
5111.4402
5350.94
5637.64
5784.32
5983.55
5962.54
6207.78
5151.18
6151.31

t2
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32

1
4
9
16
25
36
49
64
81
100
121
144
169
196
225
256
289
324
361
400
441
484
529
576
625
676
729
784
841
900
961
1024

Forecast
2125.402
2126.163
2137.655
2159.876
2192.828
2236.51
2290.922
2356.065
2431.938
2518.541
2615.874
2723.937
2842.731
2972.255
3112.509
3263.494
3425.209
3597.653
3780.829
3974.734
4179.37
4394.736
4620.832
4857.658
5105.215
5363.502
5632.519
5912.266
6202.744
6503.952
6815.89
7138.558

6000
5000
4000
3000
2000
1000
0
0

5136.375198
5345.706286
5586.897965
5920.073732
6240.603155
6482.372423
6760.684166
7147.985072
MAPE

Upper 95%
Lower 95.0%Upper 95.0%
2397.014696 1873.72803 2397.015
32.88842186 -63.5570072 32.88842
7.237748248 3.49249474 7.237748

10

MAPE
4.009853
5.178296
3.413055
1.060846
4.663502
4.423359
31.24535
16.20265
8.774614

Series1

10

15

20

25

30