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Tata Power Q2 PAT seen down 12% at Rs 589 cr
Tata Power is likely to report a consolidated profit after tax of Rs 589 crore in the second quarter of FY12, a fall of 12% as compared to Rs 672 crore in the corresponding quarter of last fiscal.
Tata Power is likely to report a consolidated profit after tax of Rs 589 crore in the second quarter of FY12, a fall of 12% as compared to Rs 672 crore in the corresponding quarter of last fiscal.
Total income is seen going up 27% to Rs 6,122 crore from Rs 4,809 crore during the same period.
EBITDA is likely to move up 36% to Rs 1,550 crore in the July-September quarter of FY12 versus Rs 1,137 crore in a year ago period.
Operating profit margin is expected to be at 25.32% versus 23.65% year-on-year.
What to expect ---
MTM losses on FCCBs and higher foreign debt in the coal mining company to impact bottom line * Company has foreign debt of around USD 2.5bn * Foreign debt comprises of USD 357mn in parent company ((Euro bond and FCCB)), USD 1.3bn in Mundra UMPP, USD 790mn in the coal SPVs
Adjusted for these, earnings are expected to be decent aided by higher realizations on int'l coal * Company owns 30% stake in the Indonesian coal asset
Expect de-growth in coal volumes due to heavy rainfalls in Indonesia
Coal realizations to improve on higher coal prices
