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GMR Infra likely to post cons loss at Rs 40 cr in Q3
GMR Infrastructure is expected to report a consolidated loss of Rs 40 crore in the October-December quarter of FY12 as against loss of Rs 22 crore in a year ago quarter.
GMR Infrastructure is expected to report a consolidated loss of Rs 40 crore in the October-December quarter of FY12 as against loss of Rs 22 crore in a year ago quarter.
Net sales are likely to go up by 30% to Rs 1,765 crore from Rs 1,359 crore year-on-year.
EBITDA is seen going up by 30% to Rs 497 crore from Rs 381 crore during the same period.
Operating profit margin is expected to improve sharply at 28.16% in the quarter ended December FY12 versus 13.10% in the corresponding quarter of last fiscal.
Expectations
- Expect strong revenue growth YoY
- High interest cost and depreciation costs to put pressure on bottom line
- Expect net loss to come down QoQ due to improved airport division performance and realization of around Rs 40 crore on account of sale of stake in Singapore subsidiary
- Expect dismal performance in the power division on account of lower PLF at Vemagiri plant due to maintenance shutdown
- PLF at gas based power plants and resumption of ADF collection at Delhi airports needs to be watched
Levy of ADF approved at Delhi Airport
- Airport regulator has approved levy of ADF at Delhi Airport
- Domestic passengers to pay Rs 200 extra w.e.f. December 1st
- International passengers to pay Rs 1300 extra w.e.f. December 1st
- GMR used to collect Rs 2 crore/day from passengers at DIAL through ADF charges before Delhi HC had ruled against charging ADF in June
