Moneycontrol
Nov 10, 2017 06:19 PM IST | Source: Moneycontrol.com

Adani Power could widen Q2 loss to Rs 486 crore; revenue to take a hit of 7%

The EBITDA is seen lower by 20 percent at Rs 1,468 crore against Rs 1,821 crore

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Adani Power is likely to widen its Q2 loss to Rs 486 crore against Rs 113 crore loss posted during the same period last year, analysts’ poll by CNBC-TV18 has revealed.

The revenue was down by 7 percent at Rs 5,332 crore against Rs 5,772 crore.

The EBITDA is seen lower by 20 percent at Rs 1,468 crore against Rs 1,821 crore, while the operating margin is seen lower at 27.5 percent against 31.5 percent.

Analysts are expecting a 6% decline in generation YoY coupled with flat realisations. In fact, they also expect the firm to continue to post losses going forward. It must also be noted that earnings is not comparable with the same period last year, as the company will cease to accrue compensatory tariffs for Mundra.

Development on hiving off Mundra assets and compensation on Mundra power plant for shortage of domestic coal is to be seen by investors too.
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