Reliance Infrastructure's first quarter standalone net profit is seen rising 2 percent year-on-year to Rs 328 crore, according to average of estimates of analysts polled by CNBC-TV18.
Revenue may increase 1.9 percent to Rs 2,584 crore compared to Rs 2,536 crore in the year-ago period, led by weak growth in revenue from EPC division (which is expected to show 0-5 percent growth).
Declining order book has impacted revenue visibility and remains a key concern for the company, said analysts.
Operating profit (earnings before interest, tax, depreciation and amortisation) is expected to jump 17.1 percent year-on-year to Rs 504 crore and margin may expand 250 basis points to 19.5 perrcent in June quarter.
Key factors to watch out for would be margin of the EPC division, order inflow, order book position and funding of Pipavav Defence acquisition.
During the quarter, Reliance Infra acquired 18 percent stake in Pipavav Defence at Rs 820 crore. Company has commissioned 5.8 million tonnes per annum cement capacity at Madhya Pradesh and the current utilisation stood at 65 percent. It is also in the process of commissioning a 5 million tonnes per annum capacity in Maharashtra.
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