GMR Infrastructure will announce its October-December quarter earnings today. According to CNBC-TV18 poll, analysts on an average expect the company's loss may widen to Rs 353 crore from Rs 217 crore year-on-year due to higher capitalisation charges.
Earnings expectations Q3FY14 Y-o-Y Consolidated-Total income may fall 4.9 percent to Rs 2,261 crore versus Rs 2,378 crore-EBITDA is likely to grow 16.4 percent to Rs 680 crore versus Rs 584 crore-Operating profit margin may expand 550 basis points to 30.1 percent versus 24.6 percent-Company’s airport segment revenue is expected to rise marginally higher led by improvement in traffic growth-Growth in company’s power segment’s revenue may be on the back of higher plant load factor (PLF) post stabilisation of Kamalanga (Orissa) and EMCO (Maharashtra) projects-Performance of the roads segment is likely to be driven by completion of two projects
Key factors to watch out for-Impact of improving traffic growth in airports and roads is a key monitorable-Also, profitability of the gas-based power plants needs to be assessed in light of inadequate gas supplies-Improvement in overall PLFs of the company’s power plants also needs to be monitored-Similarly, profitability of newly commissioned coal -based plants need to be tracked due to different PPAs-Improved generation from coal based plants; airport business performance will improve
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