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Adani Power PAT likely to rise 87% in Q3
Adani Power is expected to report a profit after tax of Rs 204 crore in the October-December quarter of FY12, a massive growth of 87% as compared to Rs 109 crore in a year ago quarter.
Adani Power is expected to report a profit after tax of Rs 204 crore in the October-December quarter of FY12, a massive growth of 87% as compared to Rs 109 crore in a year ago quarter.
Net sales are seen going up 1.12 times to Rs 1,063 crore from Rs 503 crore year-on-year.
EBITDA is likely to go up by 89% to Rs 517 crore from Rs 273 crore during the same period.
Operating profit margin is expected to fall at 48.65% in the quarter ended December FY12 versus 54.32% in the corresponding quarter of last fiscal.
Expectations
- Robust revenue growth expected on account of significant capacity additions YoY * 94% and 21% growth in volumes and realizations contribute to top line growth * Current capacity at 1.9GW versus 1.3GW a year ago * Expect total installed capacity to be around 3.3GW by FY12-end
- Expect revenues to decline QoQ due to decline in realizations
- Expect margins to be impacted due to much higher fuel costs as a result of new pricing regulations in Indonesia
- Jump in depreciation and interest costs expected to further impact bottom line
Key factors to watch for ---
- Average realizations
- Merchant sales
- Progress on upcoming units
Debt on the books at Rs 23252 crore; debt to equity ratio at 3.48 times
