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

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