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Last Updated : Aug 06, 2013 10:15 AM IST | Source: CNBC-TV18

Unitech Q1 PAT may rise 75% at Rs 80 cr: Poll

Analysts expect tepid Q-o-Q performance in first quarter of Unitech as the effects of execution ramp-up will only show-up from the October-March period of FY14 onwards. Even sales volume and value will remain flattish Q-o-Q while EBITDA margins may be muted Q-o-Q due to impact of low margin older projects.


Real estate firm Unitech will announce its first quarter (April-June) earnings today. Profit after tax of the company may grow 75 percent year-on-year to Rs 80 crore during the quarter, according to a CNBC-TV18 poll.


Analysts on an average expect revenues to increase 60 percent to Rs 650 crore in June quarter from Rs 407 crore in a year ago period.


Earnings before interest, tax, depreciation & amortisation (EBITDA) is likely to jumpe 87 percent on yearly basis at Rs 102 crore and operating profit margin may rise 220 basis points Y-o-Y to 15.6 percent in first quarter.


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What to expect in Q1:


Analysts expect tepid Q-o-Q performance in first quarter as the effects of execution ramp-up will only show-up from the October-March period of FY14 onwards. Even sales volume and value will remain flattish Q-o-Q while EBITDA margins may be muted Q-o-Q due to impact of low margin older projects.


However, analysts believe the worst is over for the company from operations perspective as visits to their sites confirm company’s focus on India Strategy execution.

Key things to watch out for would be an update on pre-sales, construction spends and handover of older projects during the quarter.

First Published on Aug 6, 2013 10:15 am
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