Gujarat Pipavav Port's first quarter profit after tax may increase 20.3 percent year-on-year to Rs 96.9 crore, according to average of estimates of analysts polled by CNBC-TV18. Repayment of loans in FY15 and treasury income earned on its surplus cash may support bottomline.
Analysts expect modest growth in revenues due to addition of new lines in the base quarter. However, volume growth may remain steady. They expect volume growth of 7-8 percent and bulk of the growth may be seen in container business.
If container volumes disappoint, correspondingly margins may be a big disappointment because of high fixed costs.
Total income from operations is seen rising 10.7 percent to Rs 186 crore from Rs 168 crore during the same period.
Operating profit (earnings before interest, tax, depreciation and amortisation) may grow 8.7 percent year-on-year to Rs 107.5 crore but margin may decline 110 basis points to 57.7 percent in the quarter gone by. Gross margin may be aided via higher contribution from liquid cargo.
A poll expects a marginal increase in realisation, aided by rupee depreciation.
Key issues to watch out for would be container volume growth & average realisation and contribution from liquid cargo.
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