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Areva T&D Q3 PAT seen down 31% at Rs 43 cr
Areva T&D is expected to report a profit after tax of Rs 43 crore in the third quarter of 2011, a fall of 31% as compared to Rs 63 crore in the corresponding quarter of last fiscal.
Areva T&D is expected to report a profit after tax of Rs 43 crore in the third quarter of 2011, a fall of 31% as compared to Rs 63 crore in the corresponding quarter of last fiscal.
Net sales are seen going up 10% to Rs 1,152 crore from Rs 1,048 crore during the same period.
EBITDA is likely to fall 20% to Rs 106 crore from Rs 133 crore year-on-year.
Operating profit margin is expected to be at 9.21% in the July-September quarter of 2011 versus 12.71% in a year ago period.
What to expect ---
Stable execution
Moderate top line growth due to high base effect
Delays in large orders to keep revenue growth in check
Margin pressure expected due to low margin orders and higher competition in the T&D space
Order inflows expected to be muted
Key factor to watch for ---
Look for clarity on the proposed demerger of Transmission and Distribution biz
