IVRCL Q2 PAT seen down 84% at Rs 3.64cr
IVRCL is to announce its second quarter results. According to CNBC-TV18's estimates, the company's Q2FY12 total income is seen up 4% at Rs 1116 crore versus Rs 1075 crore, year-on-year, YoY.
November 11, 2011 / 14:11 IST
IVRCL is to announce its second quarter results. According to CNBC-TV18's estimates, the company's Q2FY12 total income is seen up 4% at Rs 1116 crore versus Rs 1075 crore, year-on-year, YoY.
Its EBITDA is expected to go down 3% at Rs 92 crore versus Rs 95 crore.Its OPM is seen down at 8.28% versus 8.87%.The company's PAT is seen down 84% at Rs 3.64 crore versus Rs 23 crore. Execution slippages in the slow moving road orders and AP ((water/irrgation)) orders to lead to moderate revenue growthEBITDA margins to decline due to lower fixed overheads absorption as a result of lower revenue growthBottom line to decline due to much higher interest costs YoY as debt continues to remain high* Company's order intake in Q2 stood at Rs 740 crore; and IVRCL Assets bagged a road project worth Rs 14.8 crore* Since IVRCL Assets is going to be merged with IVRCL, the construction contract will fall in IVRCL's portfolio itselfOrder book at the end of Q1FY12 was Rs.21600cr; including L1 orders of Rs.2500crCompany's currently holds 55% stake in Hind-Dorr Oliver and 75.7% stake in IVRCL Assets 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!
