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Factors that will drive Sterlite's Q4 nos

According to a CNBC-TV18 poll, Sterlite will post 15.3 percent year-on-year jump in Q4 profit to Rs 1472 crore of which Rs 1400 crore is expected to come from Hindustan Zinc. Sales will climb 4 percent to Rs 11190 crore. EBITDA is seen going down 10 percent to Rs 2675 crore.

April 29, 2013 / 01:56 PM IST
 
 
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Moneycontrol Bureau


Diversified mining major Sterlite Industries is expected to put up a good show in the March quarter, boosted by higher output from Hindustan Zinc, which is also considered the company’s main profit driver


According to a CNBC-TV18 poll, Sterlite may post 15.3 percent year-on-year jump in Q4 profit to Rs 1472 crore of which Rs 1400 crore is expected to come from Hind Zinc. Sales are likely to climb 4 percent to Rs 11190 crore on higher output. EBITDA is seen going down 10 percent to Rs 2675 crore.


Factors that are likely to boost Sterlite’s topline


-Excellent Performance by Hind Zinc due to higher sales volume and realisation


-Copper cathode production has grown 7.5 percent to 86k tonne, against street expectation of 82k tons


-Sterlite energy power volumes may increase on account of higher excavation capacity and will partially benefit from the new transmission line


-Aluminum production from Balco as expected came in flat at 62k tons


Key issues to watch out


* Sterlite’s 600x3 megawatt capacity continues to operate at around 50 percent plant load factors (PLF) due to evacuation problems


*Has 1,800mw of evacuation capacity but power grid has restricted the evacuation due to power outage in the region


*Partial relief due to commissioning of a new transmission line


Its associate company, Vedanta Aluminum Ltd has shut its Lanjigarh refinery since December 2012 and is not expected to restart operations till secured supply of bauxite is established.


Tuticorin Copper Smelter Update:  Sterlite was ordered to shut its smelter in Tuticorin on 30 March after residents complained of emissions that resulted in breathing difficulties.

 

first published: Apr 29, 2013 12:29 pm

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