PTC Q3 PAT likely to fall 38% to Rs 24 cr

Published on Tue, Jan 31, 2012 at 10:55 |  Source : CNBC-TV18

Updated at Tue, Jan 31, 2012 at 10:57  

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PTC Q3 PAT likely to fall 38% to Rs 24 cr

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State-owned PTC India is likely to report a profit after tax of Rs 24 crore in the third quarter of FY12, a fall of 38% as compared to Rs 38 crore in a year ago quarter.

EBITDA too is expected to drop 35% to Rs 27 crore from Rs 41 crore year-on-year.

Operating profit margin is likely to be declining at 1.50% in the October-December quarter of FY12 versus 2.34% in the corresponding quarter of last fiscal.

Total income is seen going up by 1% to Rs 1,780 crore from Rs 1,758 crore year-on-year.

Expectations

- Expect decline in trading volumes to impact top line growth 
* Traded volumes impacted due to delayed payments from SEBs as a result of which PTC has stopped supplying power to some states

- Rising competitive intensity in India's power trading market to impact average trading margins

- Further, higher receivables are expected to bring down profitability

Key factors to watch for -

- Trading volume growth guidance for FY13/14

- Re-payment from SEBs

  

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