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HomeNewsBusinessEarningsAdani Power Q1 PAT seen down 1% at Rs 39.1 cr: ICICI Securities

Adani Power Q1 PAT seen down 1% at Rs 39.1 cr: ICICI Securities

Sales are expected to decrease by 0.3 percent Q-o-Q (down 0.1 percent Y-o-Y) to Rs 5244.8 crore, according to ICICI Securities.

July 15, 2016 / 15:07 IST
     
     
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    ICICI Securities has come out with its first quarter (April-June) earnings estimates for the Power and coal sector. The brokerage house expects Adani Power to report a 1.0 percent degrowth quarter-on-quarter (down of 0.9 percent year-on-year) in net profit at Rs 39.1 crore.Sales are expected to decrease by 0.3 percent Q-o-Q (down 0.1 percent Y-o-Y) to Rs 5244.8 crore, according to ICICI Securities.Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 0.4 percent Q-o-Q (up 0.2 percent Y-o-Y) to Rs 1864.7 crore.ICICI Securities's report on Adani PowerAdani Power’s Q1FY17 revenue is expected to decline 11.2 percent Y-o-Y on account of lower generation at Tiroda (due to water shortage) and Mundra (plant maintenance issues and boiler accident).However, EBITDA is likely to increase 17.6 percent Y-o-Y as lower fuel and O&M costs will offset the decline in revenues.Higher EBITDA and reduction in finance cost will help reduce Adani Power’s losses to Rs391mn in Q1FY17 vs. Rs 4.2bn in Q1FY16.Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

    first published: Jul 15, 2016 03:07 pm

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