GVK Power likely to post loss of Rs 11 cr in Q4

GVK Power and Infrastructure is expected to report a consolidated loss at Rs 11 crore for the fourth quarter of FY12 as against profit after tax of Rs 37 crore in a year ago period, according to CNBC-TV18 poll.

Net sales are seen going up by 53% to Rs 705 crore from Rs 462 crore year-on-year.

EBITDA is likely to go up by 1.4 times to Rs 251 crore for the fourth quarter of FY12 versus Rs 104 crore in the corresponding quarter of last fiscal.

Operating profit margin is expected to improve at 35.57% versus 22.61% during the same period.

Q4FY12 Expectations

Revenue growth -

- Lower PLF for gas based facilities likely to impact revenues

- Airport and roads biz expected to report decent traffic growth

- However YoY growth in topline expected due to proceeds from MIAL

*** MIAL became a subsidiary of GVK in Q3FY12 post increase in stake

Loss expected on the bottomline front –

- High interest costs on debt taken on to fund stake acquisitions in Mumbai and Bangalore airports to impact bottomline

- Expect lower profits from BIAL to further dent bottomline due to maintenance shutdowns of 7 hours daily for 20 days in March 2012