JP Associates Q2 PAT seen down 35% at Rs 75 cr

Jaiprakash Associates is likely to report a profit after tax of Rs 75 crore in the second quarter of FY12, a massive fall of 35% as compared to Rs 115 crore in the corresponding quarter of last fiscal.

Total income is seen going up 0.27% to Rs 3,080 crore from Rs 3,071 crore during the same period.
EBITDA is likely to go down 6% to Rs 714 crore in the July-September quarter of FY12 versus Rs 759 crore in a year ago period.
Operating profit margin is expected to be at 23.19% versus 24.71% year-on-year. Cement dispatches and realizations
Cement dispatches to have picked up marginally YoY
Realizations to remain flat YoY
* Realizations to decline QoQ due to cement prices having corrected in the north and east
Cement biz contributes around 40% to JPA