Anil Dhirubhai Ambani group company Reliance Infrastructure will announce its third quarter (October-December) earnings today. Analysts on an average expect company to report decline in profitability due to weak engineering and construction (E&C) revenues, higher interest costs and lower treasury income.
They expect decline in total revenue as well on the back of lower E&C revenues, but regulatory win in Mumbai License Area with allowance of recovery of regulatory assets and 8 times hike in cross subsidy surcharge on consumers migrated to Tata Power support utility business.
Earnings Q3FY14 YoY consolidated-Net sales may fall 4.4 percent to Rs 5,044 crore versus Rs 5,296 crore-EBITDA may decline 4.8 percent to Rs 738 crore versus Rs 775 crore-EBITDA margin is likely to be at 14.6 percent versus 14.6 percent-PAT may slip 41.9 percent to Rs 423 crore versus Rs 728 crore
Q3FY14 YoY Standalone-Net sales is seen falling 12.1 percent at Rs 3,024 crore versus Rs 3,455 crore-EBITDA may fall 8.9 percent at Rs 446 crore versus Rs 490 crore-EBITDA margin may increase at 14.7 percent versus 14.2 percent-PAT is likely to fall 43.2 percent at Rs 374 crore versus Rs 659 crore
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