19795 Investors following PTC India. Share this News with them.
0
Like this story, share it with millions of investors on M3
PTC Q3 PAT likely to fall 38% to Rs 24 cr
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.
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
