GMR Infra likely to post loss of Rs 34 cr

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GMR Infra likely to post loss of Rs 34 cr

GMR Infrastructure is to announce its first quarter results. According to CNBC-TV18's estimates, the company’s Q1FY12 consolidated net sales are seen up 13% at Rs 1390 crore versus Rs 1231 crore, year-on-year, YoY.

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GMR Infrastructure is to announce its first quarter results. According to CNBC-TV18's estimates, the company's Q1FY12 consolidated net sales are seen up 13% at Rs 1390 crore versus Rs 1231 crore, year-on-year, YoY.

The company's is expected to post loss after tax of Rs 34 crore versus PAT of Rs 28 crore.

Its EBITDA is seen up 11% at Rs 420 crore versus Rs 377 crore.

The company's OPM is seen down at 30.22% versus 30.65%.

Pick up in airport traffic and generation from operating power plants will likely boost revenues for co

Company will incur a loss in Q1FY12 as capitalization of DIAL will have huge cost impact

Interest and depreciation costs will weigh down on GMR's profits
Co was disallowed collection of ADF by AERA which will create need for short term funding

Key factors to watch for  -

* Traffic growth at airports and on roads, and
* gas availability for power plants
Airport division
Airport division growth to be driven by -
1) faster than expected turnaround at the Turkey airport, given better than expected traffic growth till date; and
2) the recently acquired Male (Maldives) airport
Domestic airports expected to be bogged down by policy uncertainties
* as co was disallowed collection of ADF by AERA which will create need for short term funding
Power division
Short term fuel supply concerns weigh on power division
PLFs have been good in the recent months but going forward visibility is poor
Mgmt hopes to cover the shortfall in its coal requirement from its mines in Orissa and Indonesia in the near term