GMR Infra Q2 loss seen at Rs 334.2cr: P Lilladher
Sales of GMR Infrastructure are expected to decrease by 2.8 percent Q-o-Q (up 26.2 percent Y-o-Y) to Rs 2541.2 crore, according to Prabhudas Lilladher.
November 12, 2013 / 12:01 IST
Prabhudas Lilladher has come out with its second quarter (July-September) earnings estimates for the construction sector. The brokerage house expects GMR Infrastructure to report a net loss at Rs 334.2 crore.
Sales of GMR Infrastructure are expected to decrease by 2.8 percent Q-o-Q (up 26.2 percent Y-o-Y) to Rs 2541.2 crore, according to Prabhudas Lilladher.Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 8.9 percent Q-o-Q (up 10.7 percent Y-o-Y) to Rs 567.1 crore.EBITDA margin or operating profit margin is likely to be at 22.3 percent in September quarter as against 23.8 percent in June quarter and 25.4 percent in a year ago period.Prabhudas Lilladher's Report on GMR Infrastructure:GMR declared CODs of the second unit (350MW ) of Kamalanga and EMCO (300MW) projects. The company also divested 74 percent stake in Ulundurpet BOT to IDFC for Rs 2.2 billion. We expect the losses to continue on account of lower margins and high interest costs.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. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
