Real estate developer Unitech is expected to report a growth of 66.2% quarter-on-quarter in its profit after tax at Rs 91.77 crore for the fourth quarter of FY12, according to CNBC-TV18 poll.
Revenues are seen going up by 13.5% to Rs 583.3 crore from Rs 513.9 crore quarter-on-quarter.
EBITDA is likely to jump 31.6% to Rs 141.2 crore from Rs 107.3 crore during the same period.
EBITDA margin is seen improving at 24.2% for January-March quarter of 2012 versus 20.9% in previous quarter.
Factors to watch:
- During 4QFY12, Unitech launched limited projects (in Bangalore, Gurgaon and Noida) and focused more on selling from existing inventory
- Saw limited launches in 4Q, but it had sufficient inventory from its earlier launches and will be interesting to see its sales run rate (clocked Rs 552 million in 3QFY12))
- Revenues will come in lower given execution challenges
- Margin to improve from the subdued 21% in 3Q to levels of approximately 25% due to product mix
- Re-financing of Rs 5 billion is yet to be concluded completely - expect execution pace to remain subdued (only minor improvement over 3QFY12)
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