Indraprastha Gas Q3 PAT seen down 7.5% at Rs 62.1 cr

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Indraprastha Gas Q3 PAT seen down 7.5% at Rs 62.1 cr

Indraprastha Gas (IGL) is expected to report a profit after tax of Rs 62.1 crore in the third quarter of FY12, degrowth of 7.5% as compared to Rs 67.2 crore in a year ago quarter.

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Indraprastha Gas (IGL) is expected to report a profit after tax of Rs 62.1 crore in the third quarter of FY12, degrowth of 7.5% as compared to Rs 67.2 crore in a year ago quarter.

Sales are seen going up by 43% to Rs 650 crore from Rs 454.7 crore year-on-year.

Operating profit margin is expected to be at 21.5% versus 27.91% during the same period.

Expectations

* Topline driven by growth in CNG and PNG volumes

* Margin contraction on rupee depreciation and high cost LNG imports

* IGL passed on higher costs only towards the fag end of December

* EBITDA/scm seen expected to be down to Rs 4.5 from Rs 5.1 in Q2