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.

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 environment Guidance *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