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Jaiprakash Associates Q1 PAT seen up 61% at Rs 205.44 cr
Jaiprakash Associates is set to announce its Q1FY10 numbers. According to CNBC-TV18 estimates, its PAT (profit after tax) is expected to go up 61% at Rs 205.44 crore versus Rs 127.26 crore, YoY.
Jaiprakash Associates is set to announce its Q1FY10 numbers. According to CNBC-TV18 estimates, its PAT (profit after tax) is expected to go up 61% at Rs 205.44 crore versus Rs 127.26 crore, YoY.
The company's net sales are seen going up 49% at Rs 1,718.56 crore versus Rs 1,148.71 crore and OPM (operating profit margin) is seen improving at 30% versus 27%.
Business and Factors to watch
-Jaiprakash offers a combination of strong growth in cement and real estate volumes and is best positioned to capture the strong growth in Infrastructure and Real Estate sectors. -Improvement in cement realizations and strong volume growth to aid growth in cement business -Real estate revenues booking by the company has been volatile -Sequential realization growth for cement due to higher share of northern sales. -Increased traction in construction and real estate revenues. -Construction business benefiting from peak execution in Karachamwangtoo and Yamuna Expressway project, -Company sold 2.5 million shares (of the total 203 million shares) as part of the treasury stock at Rs200/share and raised Rs 5 billion. -Monetization of the entire treasury stock expected to reduce standalone D/E (debt/equity) from 1.74x to 1x.
