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
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
