Adani Power likely to post Q2 loss at Rs 495 cr: Poll

Gujarat-based Adani Power will announce its second quarter (July-September) earnings today. According to a CNBC-TV18 poll, analysts on an average expect the company will continue to report losses on lower coal supplies from Bunyu (mines in Indonesia) and Coal India, and rupee depreciation. The rupee has depreciated 10 percent sequentially during the quarter.

Adani Power is expected to report a standalone loss of Rs 495 crore during September quarter as against loss of Rs 225 crore in a year ago period and Rs 919 crore in June quarter.

Total income may increase 86.3 percent year-on-year (26.6 percent sequentially) to Rs 2,672 crore in three months period ended September 2013.

Earnings before interest, tax, depreciation and amortisation (EBITDA) is likely to increase 3.7 times Y-o-Y (31 percent Q-o-Q) to Rs 562 crore and core operating profit margin (ex-forex) may jump 1050 basis points Y-o-Y (70 bps on sequential basis) to 21 percent in the quarter gone by.

Key variables to monitor are 1) Final decisions on Deepak Parekh committee report on compensatory tariff for Mundra-III and IV; and 2) Coal linkage for Tiroda-II and Kawai.