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Adani Enterprises Q3 PAT seen up 23% at Rs 582 cr
Adani Enterprises is likely to report a consolidated profit after tax of Rs 582 crore in the third quarter of FY12, a growth of 23% as compared to Rs 474 crore in a year ago quarter.
Adani Enterprises is likely to report a consolidated profit after tax of Rs 582 crore in the third quarter of FY12, a growth of 23% as compared to Rs 474 crore in a year ago quarter.
Total income too is seen going up sharply by 91% to Rs 10,757 crore from Rs 5,643 crore year-on-year.
EBITDA is expected to go up by 55% to Rs 1,459 crore from Rs 940 crore during the same period.
Operating profit margin is seen improving at 13.57% in the October-December quarter of FY12 versus 13.10% in the corresponding quarter of last fiscal.
On quarter-on-quarter basis, total income is likely to go up 7% and EBITDA up by 4% and PAT is seen going up by 5%. But operating profit margin is seen falling at 13.57% versus 13.87%.
What to expect -
- Street expectations of decent bottom line growth on the back of growth led by capacity additions in Adani Power and volume growth for Adani Ports & SEZ
- However, Adani Power reported a loss for the quarter despite capacity additions, due to higher prices of imported coal; therefore company's profitability might be negatively impacted
- Expect some margin pressure in trading biz on account of new Indonesian regulations
Adani Enterprises owns around 70% stake in Adani Power and around 77% stake in Adani Ports & SEZ - both companies announced their third quarter results.
