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Power purchase agreement (PPA) from Tamil Nadu is key to GMR’s Chhattisgarh unit acquisition, SK Acharya, Chairman of NLC India told CNBC-TV18.
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PTC India is in discussion with Ministry of New and Renewable Energy (MNRE) to get the power market introduced in the renewable sector. The discussions are at an advanced stage. "We believe during this year this market should also begin", Deepak Amitabh, CMD of PTC India said.
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Operational performance is expected to be strong with EBITDA rising 91 percent YoY to Rs 1,299 crore and margin expanding 2000 basis points to 43 percent in Q4.
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Analysts polled by CNBC-TV18 expect over 15 percent growth in passenger traffic aided by holiday and festival season. Losses in energy segment may continue. Lower interest outgo seen owing to the pre-payment of corporate debt.
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The company has managed to reduce its debt by Rs 450 crore, he says adding that the target is to reduce by 40-50 percent in FY16, Madhu Terdal, Group CFO of GMR Infrastructure said.
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Analysts say power business profitability may remain adversely impacted. Airports profitability may also get impacted by discontinuation of user development fee (UDF) in Hyderabad airport.
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GMR Infrastructure will announce its October-December quarter earnings today. According to CNBC-TV18 poll, analysts on an average expect the company's loss may widen to Rs 353 crore from Rs 217 crore year-on-year due to higher capitalisation charges.
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Sales of GMR Infrastructure are expected to decrease by 2.8 percent Q-o-Q (up 26.2 percent Y-o-Y) to Rs 2541.2 crore, according to Prabhudas Lilladher.
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Analysts feel revenues will be driven by commissioning of Emco power plant (300 MW) and stabilisation of Kamalanga plant (Orissa). Roads segment‘s performance will be driven by completion of two projects in October-March period of FY13.
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Nirmal Bang expects GMR Infrastructure to report a loss of Rs 189.8 crore for the quarter.
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Prabhudas Lilladher expects GMR Infrastructure to report a net loss of Rs 122.1 crore as against loss of Rs 142.6 crore in a year ago period and loss of Rs 78.7 crore in March quarter.
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GMR's Q4 loss will shrink significantly on revival in airport business
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Parag Parikh ED & CFO, Gammon Infrastructure Projects, says that the company has posted cash profit of Rs 122 crore for nine months in FY13.
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GMR Infrastructure is going to announce its results for the third quarter of financial year 2012-13 on Friday. Analysts on an average expect consolidated net loss of the company to rise by 11 percent year-on-year to Rs 120 crore for the quarter, according to CNBC-TV18 poll.
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In an interview to CNBC-TV18, Nirav Vasa of SBI Cap said that L&T is better placed compared to its peers right now. The cost of debt for L&T is the lowest in the entire industry and this is a positive thing for the company.
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Nirmal Bang has come out with its earnings estimates on infrastructure space for December quarter FY13. The research firm expect pure EPC companies in our coverage to post moderate revenue growth in 3QFY13 after a seasonally weak quarter and marginal improvement in operating profit.
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GMR Infra which will announce its September quarter earnings later in the day is expected to report a net loss of Rs 64 crore, as against Rs 63 crore, YoY according to a CNBC-TV18 poll.
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GMR Infrastructure today reported a consolidated net loss of Rs 94 crore for the quarter ended June 30, 2012, mainly on account of losses at DIAL and one-time tax asset reversal at GVPGL (Vemagiri power plant).
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Emkay Global Financial Services has come with its June quarterly earning estimates for construction & infrastructure sector. According to the research firm, revenue for the sector is expected to grow 16% yoy to Rs 97bn.
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Prabhudas Lilladher has come out with its earnings forecast report on construction and engineering sector for the quarter ended June 30, 2012.
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GMR Infra is to announce its consolidated fourth quarter results. According to CNBC-TV18's estimates, the company's Q4FY12 net sales are seen up 3% at Rs 2023 crore versus Rs 1962 crore, year-on-year (YoY).
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Prabhudas Lilladher has come with its March quarterly earning estimates for construction & engineering sector. As per the research firm, for Q4FY12, companies are expected to report revenue growth of 15.2% YoY; however, PAT will be muted due to higher interest expenses (4-5% as a % of sales in Q4FY12 still).
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GMR Infrastructure is expected to report a consolidated loss of Rs 40 crore in the October-December quarter of FY12 as against loss of Rs 22 crore in a year ago quarter.
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GMR Infrastructure is expected to report a consolidated loss of Rs 54 crore in the second quarter of FY12 as against loss of Rs 69 crore in the corresponding quarter of last fiscal.
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GMR Infra saw onsolidated net sales jump 51.4% to Rs 1,864 crore from Rs 1,231 crore in the year ago period. In an exclusive interview to CNBC-TV18, the management of the company said that improved footfalls at airports aided overall revenue growth.
