Neyveli Lignite Q3 PAT seen up 107% at Rs 199 cr

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Neyveli Lignite Q3 PAT seen up 107% at Rs 199 cr

Neyveli Lignite Corporation is expected to report a profit after tax of Rs 199 crore in the third quarter of FY12, a massive growth of 107.3% as compared to Rs 96 crore in a year ago quarter.

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Neyveli Lignite Corporation is expected to report a profit after tax of Rs 199 crore in the third quarter of FY12, a massive growth of 107.3% as compared to Rs 96 crore in a year ago quarter.
 
Total income is seen going up by 23% to Rs 1,069 crore from Rs 869 crore year-on-year.

EBITDA too is likely to jump 1.58 times to Rs 287 crore from Rs 111 crore during the same period.

Operating profit margin is expected to be at 26.86% in the October-December quarter of FY12 versus 12.78% in the corresponding quarter of last fiscal.

Highlights

- Expect robust PAT growth due to low base effect YoY and higher generation due to capacity additions

- No capacity addition during Q3FY12