CESC Q4 PAT likely to rise 66% at Rs 186 cr

Power generation company CESC is expected to report a solid growth of 66% year-on-year in its standalone profit after tax of Rs 186 crore for the fourth quarter of FY12, according to CNBC-TV18.

Total income is likely to go up by 56% to Rs 1,364 crore from Rs 875 crore during the same period.

EBITDA is seen going up by 41% to Rs 346 crore from Rs 246 crore year-on-year. However, operating profit margin is seen falling at 25.34% for the January-March quarter of 2012 versus 28.11% in a year ago period.

Additional revenues from recent tariff hike to boost net sales for Q4FY12

* During the quarter, company received approval from WBERC for increasing tariff in Kolkata region by 13% for FY12

* The hike is retrospective in nature --- arrears to be recovered in 48 monthly instalments

* However, company could account for the revenues during Q4 and FY12 itself

Margins and PAT expected to grow YoY aided by tariff hike

Key factors to watch for –

- Execution status of under construction plants

- Profitability in Spencer’s biz (Spencer’s is a 95% subsidiary of CESC and therefore does not include in the standalone figures)