Jain Irrigation Systems is set to declare its October-December quarter earnings today. Analysts expect the company to report profit after tax at Rs 24 crore during third quarter as against loss of Rs 31.17 crore in corresponding quarter of last fiscal, according to CNBC-TV18 poll.
Expected Q3FY14 earnings-Revenues may go up 19.3 percent at Rs 920 crore versus Rs 770.97 crore-EBITDA may increase to Rs 155 crore versus Rs 127.24 crore-EBITDA margin is expected to be at 16.8 percent versus 16.5 percent
Analysts expect a pick up in revenue to 20 percent driven by a pick up in MIS business.
EBIDTA margins were impacted last quarter by 330 basis points to 16 percent due to higher polymer prices, increased share of low-margin businesses and a lower margin for MIS after shifting to a cash-based model. Some easing of the above pressure may aid in margins being stable with a positive bias.
Interest cost may decline due to lower cost of funds.
Management guidance
The management has guidance 20-30 percent revenue growth for the standalone business in October-March period of FY14, driven by consistent growth across all divisions. They also guided for 20 percent MIS revenue growth.
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