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JP Associates Q1 PAT seen down 9% at Rs 96 cr
Jaiprakash Associates is expected to report a fall of 9% (YoY) in profits for the first quarter of FY12. During the period, profit after tax of the company is likely to go down at Rs 96 crore as against Rs 106 crore in the corresponding quarter last fiscal.
Jaiprakash Associates is expected to report a fall of 9% (YoY) in profits for the first quarter of FY12. During the period, profit after tax of the company is likely to go down at Rs 96 crore as against Rs 106 crore in the corresponding quarter last fiscal.
Net sales are seen going up 5% to Rs 3,321 crore from Rs 3,174 crore year-on-year.
EBITDA is likely to go up by 9% to Rs 701 crore in the quarter ended June 2011 versus Rs 642 crore in the year ago period.
Operating profit margin is seen improving to 21.11% versus 20.23% year-on-year.
Expectations
Company's cement dispatches for Q1FY12 came in at 4.2 million tonnes registering a growth of 7% YoY; de-growth of 8.7% QoQ
Expect realizations to increase on account of price discipline among cement manufacturers to withhold prices
EBIT margins however would not see a drastic change on account of increase in costs
Contribution from EPC division is expected to be better on the back of higher margins * In Q1FY11, EPC margins were suppressed due to one offs
Real Estate is expected to demonstrate continued growth
Significant growth in interest costs to put pressure on bottom line
