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May 17, 2012, 12.34 PM IST
Jaypee Infratech, a special purpose vehicle for implementation of 165 km long 6-lane access-controlled Yamuna expressway in the state of Uttar Pradesh connecting Noida and Agra, is expected to report a growth of 36% year-on-year in its profit after tax of Rs 340 crore for the fourth quarter of FY12, according to CNBC-TV18 poll.
Net sales are seen going up by 12% YoY to Rs 804 crore in the quarter ended March 31, 2012.
EBITDA is likely to jump 22% to Rs 430 crore during the same period.
Operating profit margin is seen improving at 53.45% for January-March quarter of 2012 as against 49.11% in a year ago period.
Revenue expected to rise YoY
- Sales growth YoY led by plotted launch in Greater Noida parcel
- Company’s revenue recognition is now catching up with booking trends registered over the last two years
Margins too are likely to remain strong
Pre sale trend at Noida has also been impressive
- Q3 booking stood at around Rs 1,640 crore, up 3 times QoQ --- driven by high launch activity
- Average realizations largely stable --- at Rs 4465 per sqft
However, commissioning of the Yamuna Expressway project remains a key trigger for the company
As per management, work on the project has largely been completed
Of the total project outlay, 87%, that is Rs 1,160 crore has already been spent as of December 2011 end
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