Housing Development and Infrastructure (HDIL) is to announce its Q4FY12 results. According to CNBC-TV18’s estimates, the company’s Q4 sales are seen down 2% at Rs 515 crore versus Rs 523.7 crore.
Its EBITDA is seen down 17% at Rs 213 crore versus Rs 255.6 crore.
Its EBITDA margins at 41.4% versus 48.8%.
The company’s PAT is seen down 19% at Rs 160 crore versus Rs 197.3 crore.
Q4FY12 vs Q3FY12 (q-o-q):
The company’s Q4 sales are seen up 22% at Rs 515 crore versus Rs 422.6 crore.
Its EBITDA is seen up 35% at Rs 213 crore versus Rs 157.2 crore.
Its EBITDA margins at is seen up 41.4% versus 37.2%.
The company’s PAT is seen up 3% at Rs 160 crore versus Rs 155.8 crore.
Alert: In Q3FY12, PAT was aided by tax reversal of Rs.22cr
Factors:
TDR sales to remain muted due to lower outstanding inventory, revenue to come largely from land/FSI sale recognition
HDIL earnings will be substantially dependent on the completion of FSI sale as the transfer development rights (TDR) market continues to remain weak
FSI sales likely in Goregaon (Guru Ashish project), Vasai projects and also the Virar industrial project
Incremental revenue booked from Guru Ashish ((total sales value as on date is INR9b, recognized INR6.2b in 2/3QFY12)) based on approval milestones
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!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
