Moneycontrol PRO
Upcoming Webinar:Join us for 'The Future Techshot' on Sept 22, 10:30am to gain insights into role of tech in streamlining businesses. Register Now!

Shree Renuka Q4 adjusted PAT seen up at Rs 160 cr

Shree Renuka Sugars is expected to report an adjusted profit after tax of Rs 160 crore in the fourth quarter of FY11 as against Rs 140.1 crore in the corresponding quarter of last fiscal. Sugar companies' financial year ends in September 30, 2011.

November 11, 2011 / 02:11 PM IST
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Shree Renuka Sugars is expected to report an adjusted profit after tax of Rs 160 crore in the fourth quarter of FY11 as against Rs 140.1 crore in the corresponding quarter of last fiscal. Sugar companies' financial year ends in September 30, 2011.


Adjusted PAT excludes likely MTM forex losses on rupee depreciation against Brazilian Real.


Sales are seen going up to Rs 2,480 crore from Rs 2,459.8 crore during the same period.


EBITDA is likely to go up to Rs 535 crore from Rs 341.8 crore year-on-year.


Operating profit margin is expected to be at 21.6% in the July-September quarter of 2011 versus 13.89% in a year ago period.


Expectations


* Management commentary on cane costs will be extremely important


* While players in UP have already been affected; cane cost the west/south is also likely to be higher than anticipated earlier


* In Maharashtra, labour shortage and late rainfall have hampered harvesting activities.


* Domestic sugar prices were up about 2.5% sequentially


* International sugar prices largely held up above 26 cents/lb 


* Also refining margins have remained strong in Q2; will aid performance

* Raw

first published: Nov 11, 2011 10:09 am

stay updated

Get Daily News on your Browser
Sections
ISO 27001 - BSI Assurance Mark