JSW Energy Q2 profit may surge 85% to Rs 300 cr: Poll

JSW Energy is expected to report a 84.8 percent growth in consolidated profit after tax at Rs 300 crore for the quarter ended September 2014 compared to Rs 163 crore in the year-ago period, according to the average of estimates of analysts polled by CNBC-TV18. Sequential degrowth in profit may be 7.7 percent.

Adjusted profit after tax is seen going up 50.9 percent year-on-year (down 4.6 percent Q-o-Q) to Rs 300 crore in the quarter gone by.

Total income from operations may jump 13.8 percent on yearly basis (down 9.9 percent quarter-on-quarter) to Rs 2,304 crore in the quarter ended September 2014.

Operating profit is seen rising 0.7 percent year-on-year (down 6.9 percent sequentially) to Rs 843 crore and margin may fall 480 basis points Y-o-Y (up 120 bps Q-o-Q) to 36.6 percent during the quarter.

Analysts expect Q-o-Q PAT to be only marginally lower in the September quarter, benefiting from lower fuel cost, flat generation (mix in favour of Ratnagiri plant).

Sales are expected to be under pressure as energy inventory is likely to get built up in Q2 as seen in FY14 as well.

Also Vijaynagar operated at 84 percent plant load factor (PLF) in the monsoon quarter versus 98 percent in the June quarter, while Ratnagiri’s PLF may pick up, estimated at 84 percent versus 68 percent in June quarter possibly due to the power shortage in Maharashtra.

Sales volumes are expected at 5.1 billion units, up 37 percent Y-o-Y.

FY15 volumes are expected to improve