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.

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 growth

EBITDA margins to decline due to lower fixed overheads absorption as a result of lower revenue growth

Bottom 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 itself

Order book at the end of Q1FY12 was Rs.21600cr; including L1 orders of Rs.2500cr

Company's currently holds 55% stake in Hind-Dorr Oliver and 75.7% stake in IVRCL Assets