JP Associates Q3 PAT seen down 14% at Rs 272 cr
Jaiprakash Associates is set to announce its results for the quarter ended December 2010. According to CNBC-TV18 estimates, its profit after tax is expected to go down by 14% to Rs 272 crore from Rs 315 crore on year-on-year basis.
January 28, 2011 / 10:23 IST
Jaiprakash Associates is set to announce its results for the quarter ended December 2010. According to CNBC-TV18 estimates, its profit after tax is expected to go down by 14% to Rs 272 crore from Rs 315 crore on year-on-year basis.
Net sales are seen going up by 23% to Rs 3,507 crore from Rs 2,852 crore (YoY).Earning before interest, tax, depreciation and amortisation (EBITDA) is likely to go up by 14% to Rs 882 crore from Rs 774 crore. However, EBITDA margin is seen declining at 25% versus 27% (YoY).Expectations
*Expect improvement in revenues from cement, real estate and EPC segments
*Strong cement volumes expected to boost revenue growth
*Led by capacity additions over the last 12 months
*Construction segment expected to post a mild single digit growth
*PAT is expected to be hit by sharp rise in interest expense
*This due to commissioning of new cement capacity
*Margins expected to remain flat or decline due to higher base and pressure on cement profitability
*Cement segment witnessing depressed pricing and stable cost environmentGuidance *At the beginning of CY11 company gave a guidance of Rs 16000 crore turnover for FY11
*For H1FY11 company has posted a turnover of Rs 6167 crore
*If company's net sales figures for Q3FY11 come in as per expectations, 9-month turnover will be Rs 9,674 crore
*Company will need to post Rs 6300 crore in Q4 to meet its guidance Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
