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    HomeNewsBusinessEarningsSterlite Inds Q4 PAT seen up 21% at Rs 1330 cr (QoQ)

    Sterlite Inds Q4 PAT seen up 21% at Rs 1330 cr (QoQ)

    UK-based Vedanta's Indian subsidiary Sterlite Industries is expected to post 4% degrowth in fourth quarter profit after tax (PAT) of Rs 1,330 crore as against Rs 1,381 crore in same quarter the previous year.

    April 25, 2011 / 15:54 IST
       
       
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      UK-based Vedanta's Indian subsidiary Sterlite Industries is expected to post 4% degrowth in fourth quarter profit after tax (PAT) of Rs 1,330 crore as against Rs 1,381 crore in same quarter the previous year. However, it is likely to report 21% growth as compared to PAT of Rs 1,102 crore in December quarter 2010.


      Revenues are seen going up by 26% at Rs 8,928 crore from Rs 7,110 crore on year-on-year basis and 8% growth as compared to Rs 8,294 crore in previous quarter.


      Earnings before interest, tax, depreciation and amortisation (EBITDA) is expected to be at Rs 2305 crore in fourth quarter of FY11, a growth of 5% as compared to Rs 2185 crore in same quarter the previous year and 17% growth as compared to Rs 1,978 crore in previous quarter.


      However, EBITDA margin is seen declining at 25.82% versus 30.73% on year-on-year basis while increasing as compared to 23.85% in December quarter. 


      PAT margin is likely to decline at 15% as against 19% on YoY basis while it is seen improving as compared to 13% in previous quarter.


      Profits from subsidiary Hindustan Zinc were above estimates - 60% of its profit comes from Hindustan Zinc.


      Factors

      -Strong volume growth & high LME to drive top line
      -Subsidiary Hindustan Zinc posted good set of nos above market estimates
      -Sterlite Energy power plants have started in phases

      first published: Apr 25, 2011 10:26 am

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