Gujarat Pipavav Port's third quarter profit after tax is seen rising 18.9 percent year-on-year to Rs 91.6 crore, according to the average of estimates of analysts polled by CNBC-TV18.
The bottomline may be aided by repayment of rupee debt which may reduce the interest outgo. Higher scale, stable margins and reduction in interest costs post repayment of debt may drive significant PAT growth during the quarter.
Net sales is expected to increase 22.4 percent to Rs 178 crore in the quarter ended December 2014 from Rs 145 crore in same quarter last year.
Operating profit may climb 28.6 percent year-on-year to Rs 107.4 crore and margin may expand 290 basis points to 60.4 percent in the quarter gone by.
Analysts expect a strong quarter for the company, although Y-o-Y volume growth may be in single digits owing to high base of last year.
Container volumes may grow 8 percent Y-o-Y aided by scaling up of shipping lines added during the last 18 months.
Lower margin in bulk and higher operating expenses in containers could cap margin expansion to just 290 basis points.
Key things to watch out for:-Progress on capex for new terminal-Having recently received the environmental clearance for port expansion, the key monitorable will be the final cost and expected construction timeline for port expansion under the revised capex plan
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