GMR Infra likely to posts Q3 loss at Rs 11 cr

GMR Infrastructure is set to report a loss after tax of Rs 11 crore for the quarter ended December 2010 as against profit after tax of Rs 9 crore in same period the previous year.

Revenues are seen going up by 22% at Rs 1,305 crore from Rs 1,067 crore (YoY). Earning before interest, tax, depreciation and amortisation (EBITDA) is likely to go up by 13% at Rs 389 crore from Rs 345 crore while EBITDA margin is seen declining at 30% versus 32% (YoY). Revenue expectation
-Earnings from core operations likely to improve
-Traffic growth due to the buoyant macroeconomic environment in Q3 expected to augur well for the company
-Poor EPC business turnover could impact overall revenue growth YoY Bottom line
-Expect partial reduction in interest expense due to debt repayments to the tune of Rs 1600 crore in the previous quarter
-Additional depreciation and interest expense on account of the T3 terminal at Delhi airport expected to impact bottom line Key factors to watch for going forward -
-Revenue and profitability need to be monitored after full operationalisation of terminal T3 at Delhi airport
-Air passenger traffic and vehicular traffic on road projects will also be key factors to monitor