NCC Q3 standalone PAT seen down 43% at Rs 23 cr

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NCC Q3 standalone PAT seen down 43% at Rs 23 cr

Construction firm NCC's standalone profit after tax is likely to go down by 43% to Rs 23 crore in the third quarter of FY12 from Rs 40 crore in the corresponding quarter of last fiscal.

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Construction firm NCC 's standalone profit after tax is likely to go down by 43% to Rs 23 crore in the third quarter of FY12 from Rs 40 crore in the corresponding quarter of last fiscal.

Total income is seen going up by 5% to Rs 1,400 crore from Rs 1,335 crore year-on-year.

EBITDA is likely to go up by 3% to Rs 132 crore from Rs 128 crore during the same period.

Operating profit margin is expected to be improving at 9.66% in the October-December quarter of FY12 versus 9.55% in a year ago quarter.

Expectations

- Expect moderate revenue growth YoY led by execution of a large order backlog

- Margins expected to remain flat YoY

- High interest costs to put bottomline pressure

Key factors to watch for -

- Pick-up in order intake and improvement in EBITDA margins

- Ability to manage interest costs

FY12 Guidance

- Company has guided for standalone revenues of Rs 5600 crore for FY12

- Company has achieved 95-96% of the revenue guidance in H1FY12