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Adani Power Q2 PAT seen up 79% at Rs 225 cr
Adani Power is likely to report a profit after tax of Rs 225 crore in the second quarter of FY12, a massive growth of 79% as compared to Rs 126 crore in a year ago period.
Adani Power is likely to report a profit after tax of Rs 225 crore in the second quarter of FY12, a massive growth of 79% as compared to Rs 126 crore in a year ago period.
Net sales are seen going up 1.43 times to Rs 958 crore from Rs 395 crore during the same period.
EBITDA is likely to go up 1.5 times to Rs 523 crore in the July-September quarter of FY12 versus Rs 209 crore in the corresponding quarter of last fiscal.
Operating profit margin is expected to be at 54.63% versus 53% year-on-year.
On quarter-on-quarter basis, net sales are seen going up 17% while PAT is likely to go up 27%.
Expectations
Company expects to see higher merchant sales QoQ; better tariff realizations QoQ and higher fuel costs QoQ
PLFs have been lower in Q2FY12 at 61.7% versus 82% YoY
Expect merchant realizations of around Rs.3.5/unit
Company could see some impact of forex losses on the bottom line
Expect to have generated 3.8BUs in Q2FY12 and sold 14% of it on merchant terms
Company has planned capacity additions for FY12 to the tune of 2.6GW * This could mean sizeable merchant sales since PPAs go into effect at a later date
Company has so far synchronized 660MW Mundra Unit 2 of Phase 3 in Sept'11
Company will require 10.5mt of coal to fuel FY12 capacity of 4.6GW * Plans to procure about three-fourths of it from Adani Enterprises and the remaining from Coal India
