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Tata Power Q3 PAT seen up 4% at Rs 460 cr
Tata Power, a part of Tata group, is likely to report a consolidated profit after tax of Rs 460 crore in the October-December quarter of FY12, a growth of 4% as compared to Rs 442 crore in a year ago quarter.
Tata Power , a part of Tata group, is likely to report a consolidated profit after tax of Rs 460 crore in the October-December quarter of FY12, a growth of 4% as compared to Rs 442 crore in a year ago quarter.
Total income is expected to go up by 46% to Rs 6,465 crore from Rs 4,441 crore year-on-year. EBITDA is seen going up by 40% to Rs 1,473 crore from Rs 1,054 crore during the same period.
Operating profit margin is seen improving at 22.79% in the December ended quarter of FY12 as against 23.75% in the corresponding quarter of last fiscal.
What to expect -
- Sequential improvement in merchant tariffs could improve contribution from Haldia and Trombay
- Expect good revenue and EBITDA growth on the back of higher coal realization
- Interest, depreciation and tax expenses to impact bottom line
- Could see MTM losses due to forex fluctuations
- Expect Maithon, which was commissioned in Q2, to start contributing to profitability
- Need to watch for any further impairment charges against Mundra UMPP
Key factors to watch -
- Update on Mundra project
- Merchant realization
- Coal price realization
Company's 4000 MW Mundra UMPP was still being stabilized at the end of Q2FY12 post availability of transmission capacity
