JSW Energy likely to post loss at Rs 61 cr in Q3

Total income is seen going up by 51% to Rs 1,622 crore from Rs 1,076 crore during the same period.

EBITDA is likely to go down by 32% to Rs 240 crore in the quarter ended December FY12 versus Rs 354 crore in a year ago quarter. Operating profit margin is expected to be at 14.77% versus 32.87% year-on-year.

Expectations

>Growth in volumes in realizations contribute to top line growth
>High spot coal prices and depreciating INR will continue to hurt margins
>Growth in interest and depreciation result in bottom line impact
>Merchant realization holds the key to the company's profitability
>Commercial operational capacity of 2600MW
>The lignite units which were shut due to non-availability of lignite and tariff order are not operational but the interim tariff permits only cost recovery

Key factors to watch for -

>Higher fuel cost and lower realizations