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Aug 01, 2012, 10.11 AM IST
Adani Power is set to announce its first quarter results for the financial year 2012-13 today. Analysts on an average expect the company to report consolidated loss of Rs 100 crore during the quarter as against profit after tax of Rs 177 crore in a year ago period.
Loss is expected to be led by higher fuel costs. Increased interest and depreciation on new capacities too will increase losses further. EBITDA too is seen going down by 21% year-on-year to Rs 326 crore in the quarter. EBITDA margin is likely to fall sharply to 23.2% as against 50.1% year-on-year. But, total income is expected to go up by 72% to Rs 1,404 crore in the quarter ended June 2012 from Rs 819 crore in the corresponding quarter of last fiscal. Analysts feel revenues will be driven by higher merchant tariffs. Benefit of softening coal prices will be partially eroded by rupee depreciation.
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