May 03, 2013, 05.47 PM IST
Jaiprakash Associates is set to declare its fourth quarter (January-March) earnings on Saturday. Analysts on an average expect the company to report subdued results during the quarter, according to CNBC-TV18 poll.
Standalone profit after tax is likely to fall 41.1 percent year-on-year (up 50.7 percent sequentially) to Rs 167 crore owing to higher interest costs.
Net sales are expected to fall 6.3 percent Y-o-Y (up 11 percent Q-o-Q) to Rs 3,771 crore in March quarter.
Earnings before interest, tax, depreciation and amortisation (EBITDA) may fall 10.6 percent Y-o-Y (15.4 percent sequentially) to Rs 880 crore due to lower margins in cement and construction segments.
Operating profit margin is seen falling 110 basis points Y-o-Y (up 90 bps quarter-on-quarter) to 23.3 percent during the quarter.
Cement (contributes around 40 percent of business)
Analysts feel the cement volumes (ex-Jaypee Cement Corporation) are likely to decline 2 percent Y-o-Y (up 11 percent Q-o-Q) to around 4.1 million tonne.
Cement realization is likely to increase by 1 percent Y-o-Y owing to better pricing in Central and Eastern regions.
Cement revenues are expected to decline 1.1 percent Y-o-Y to around Rs 1,650 crore.
Revenues from construction segment (that constitutes 40-45 percent of business) are likely to fall 17 percent Y-o-Y to Rs 1,450 crore due to completion of the Yamuna Express project.
However, real estate segment (contributes around 15-20 percent of total business) may register a growth of around 15 percent to Rs 650 crore.
Action in Jaiprakash Associates
Video of the day
Dec 5 2013, 12:20
- in FII View
Dec 4 2013, 11:08
- in FII View
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.