Adani Enterprises Q3 PAT seen up 23% at Rs 582 cr

Total income too is seen going up sharply by 91% to Rs 10,757 crore from Rs 5,643 crore year-on-year.

EBITDA is expected to go up by 55% to Rs 1,459 crore from Rs 940 crore during the same period.

Operating profit margin is seen improving at 13.57% in the October-December quarter of FY12 versus 13.10% in the corresponding quarter of last fiscal.

On quarter-on-quarter basis, total income is likely to go up 7% and EBITDA up by 4% and PAT is seen going up by 5%. But operating profit margin is seen falling at 13.57% versus 13.87%.

What to expect –

- Street expectations of decent bottom line growth on the back of growth led by capacity additions in Adani Power and volume growth for Adani Ports & SEZ

- However, Adani Power reported a loss for the quarter despite capacity additions, due to higher prices of imported coal; therefore company’s profitability might be negatively impacted

- Expect some margin pressure in trading biz on account of new Indonesian regulations

Adani Enterprises owns around 70% stake in Adani Power and around 77% stake in Adani Ports & SEZ - both companies announced their third quarter results.