Moneycontrol
Get App
Last Updated : Feb 10, 2017 05:20 PM IST | Source: CNBC-TV18

Tata Power Q3 profit may jump to Rs 321 cr, revenue may fall

Growth in bottomline is expected to be driven by higher contribution of profit from Indo coal mines and lower taxes QoQ. Reduction in depreciation and finance cost may also aid profit.

 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Tata Power's third quarter profit on consolidated basis is expected to be at Rs 321 crore against Rs 24.5 crore in year-ago quarter. In Q3FY16, the company had impairment loss of Rs 2,300 crore along with other one-off.


Growth in bottomline is expected to be driven by higher contribution of profit from Indo coal mines and lower taxes QoQ. Reduction in depreciation and finance cost may also aid profit.


Revenue during the quarter is likely to decline 13.2 percent to Rs 8,101 crore compared with Rs 9,329 crore in same quarter last fiscal on account of no coal consolidation, according to average of estimates of analysts polled by CNBC-TV18.

Close

Operating profit may fall 36.2 percent year-on-year to Rs 1,577 crore and margin may contract by 700 basis points to 19.5 percent in the quarter gone by.


Full quarter of consolidation of Welspun Renewable earnings will be seen in Q3, which may partially be offset by lower Mundra UMPP EBITDA due to higher imported coal cost.


Welspun is unlikely to contribute to bottomline in December quarter, which is a lean season for solar generation.


Compensatory Tariff, Arutmin mines sale and extraordinary items will be closely watched.



Exclusive offer: Use code "BUDGET2020" and get Moneycontrol Pro's Subscription for as little as Rs 333/- for the first year.

First Published on Feb 9, 2017 05:00 pm
Sections
Follow us on