Reliance Power is likely to get big support from Sasan thermal power project for its July-September quarter earnings. Consolidated profit is seen rising 59 percent year-on-year to Rs 400 crore, according to average of estimates of analysts polled by CNBC-TV18.
Revenue is likely to increase 62 percent to Rs 2,890 crore from Rs 1,783 crore in same period. Year-on-year numbers are not fully comparable as Sasan got fully commissioned in this year.
Analysts expect strong operational performance led by Sasan thermal power project. Operating profit may jump 115 percent year-on-year to Rs 1,283 crore and margin may expand 1092 basis points to 44.4 percent in quarter gone by.
Depreciation and interest expenses are expected to see sharp year-on-yearY jump and lead to toning down of profit growth in same period. However; due to deallocation of coal blocks in May, the company might have faced some operational inefficiencies.
Key factors to watch out for would be fuel supply at Rosa & clarity on fuel supply at Butibori, mining cost at Sasan and outcome of tariff petitions filed with CERC.
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