Jaiprakash Power Ventures (JPVL) will announce its second quarter (July-September) earnings today. Analysts expect weak net realisation for Karcham-Wangtoo hydroelectric project (Himachal Pradesh) year-on-year on account of transmission charges in the quarter gone by as against nil in a year ago period, which will lead to earnings decline.
Interest burden is expected to remain high, which will also put further pressure on earnings, feel analysts.
According to a CNBC-TV18 poll, profit after tax of the company is expected to fall 41.6 percent year-on-year (up 130 percent sequentially) to Rs 214 crore while total income is seen going up 5.3 percent Y-o-Y (up 21.3 percent Q-o-Q) to Rs 954 crore in three-month period ended September 2013.
During the same period, earnings before interest, tax, depreciation and amortisation may decline 6 percent on a yearly basis (up 29.6 percent on a sequential basis) to Rs 763 crore and operating profit margin may fall 960 basis points (up 520 bps Q-o-Q) to 80 percent.
Karcham generation rose 6 percent YoY during September quarter while Baspa (Himachal Pradesh) generation declined 1 percent. Vishnuprayag hydroelectric project (Uttarakhand) remained shut on account of refurbishment post flood in river Alaknanda whereas Bina plant was operated at muted plant load factor of 29 percent in Q2 as against 70 percent Q1.
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