Crompton Greaves Q1 PAT seen up 14.7% at Rs 140.74 cr

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Crompton Greaves is to declare its Q1FY10 numbers. According to CNBC-TV18 estimates, its PAT (profit after tax) is expected to go up 14.7% at Rs 140.74 crore versus Rs 122.61 crore, YoY.

The company's net sales are seen going up 15.5% at Rs 2349.46 crore versus Rs 2034.75 crore. EBIDTA (earning before interest, depreciation, tax and amortisation) is seen going up at Rs 245.96 crore from Rs 208.3 crore, YoY.

Factors to watch

-Healthy revenues expected on back of good order inflows for the T&D business

-Margins expected to remain relatively flat

-Order intake & performance of international business to watch out for

-Sharp decline in raw material prices in 2HFY09, should favorably impact EBITDA margins due to higher proportion of pure raw material and fixed price contracts.

-The standalone power segment continues to maintain strong order intake from Powergrid, SEBs and exports; while Pauwels and Ganz are relatively better positioned, given increased focus on transmission and renewable energy.

-Could benefit from improvement in design and manufacturing efficiencies.

-Resilient demand in power sector in domestic & international markets

-Sluggishness expected in industrial division on standalone basis

Order Book

-Crompton's current consolidated order book stands at Rs 6600 crore (largely power),

-The standalone and international order book at the end of FY09 stood at Rs 2770 crore (up 30.2%) and Rs 3800 crore (up 26.9%), respectively.