Crompton Greaves Q4 PAT seen down 29% at Rs 179 cr

Engineering conglomerate Crompton Greaves' profit after tax is expected go down 29% over a year ago period to Rs 179 crore for the fourth quarter of FY12, according to CNBC-TV18 poll.

Net sales are seen going up by 13% year-on-year to Rs 3,276 crore during the same quarter.

EBITDA is likely to decline 26% to Rs 276 crore from Rs 373 crore year-on-year.

Operating profit margin is expected to fall at 8.42% for the January-March quarter of 2012 as against 12.83% in the corresponding quarter of last fiscal.

Expectations

- Top line growth YoY driven by strong order inflows in 9MFY12
* Order inflows grew around 66% (in absolute terms) YoY in Q3FY12 and 16% YoY in 9MFY12

- However performance in power systems and international biz needs to be watched

- Consumer and industrial segment growth likely to be subdued

- Consumer segment sales growth has been subdued so far (in contrast with industry trend) due to price hike taken on by the company

- Margins are expected to decline sharply YoY
* Power systems biz continues to see pricing pressure coupled with rising competition
* Industrial segment continued to face margin pressure due to execution of low margin Nelco orders

- Margins expected to grow sequentially led by lower revenue contraction