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Last Updated : Feb 05, 2015 11:05 AM IST | Source: CNBC-TV18

PTC India Q3 profit may fall 46% to Rs 48.9 cr: Poll

PTC India is expected to report a 46.1 percent decline year-on-year in profit at Rs 48.9 crore for the quarter ended December 2014, according to the average of estimates of analysts polled by CNBC-TV18.

 
 
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PTC India is expected to report a 46.1 percent decline year-on-year in profit at Rs 48.9 crore for the quarter ended December 2014, according to the average of estimates of analysts polled by CNBC-TV18.


Total income is seen rising 8.6 percent to Rs 2,989 crore during October-December quarter from Rs 2,751 crore in same quarter last year. However, operating profit may fall 60.6 percent year-on-year to Rs 45.5 crore and margin may decline 270 basis points to 1.5 percent in the third quarter.


Expectations
-Sales are expected to grow in Q3 due to fall in merchant rates
-Analysts expect volumes at around 8.5 billion units (up 9 percent Y-o-Y)
-Volume with high trading margin may increase 29 percent Y-o-Y
-PAT is expected to decline due to lower rebate/surcharge income, marginally lower margins for both trading and tolling business
-Higher rebate and surcharge income had boosted PAT in H1FY15
-Booking of rebate and surcharge for 3QFY15 would remain a key monitorable
 
Key issues to watch out for:
-Trading volumes and margin guidance for FY15 (especially for tolling projects) and commissioning of projects
-Short term volumes and realizations
-Simhapuri and Meenakshi business volumes and PBT contribution

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First Published on Feb 5, 2015 07:58 am
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