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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.
Lanco Infratech's fourth quarter consolidated loss may be narrowed to Rs 485 crore from Rs 797 crore in the same quarter last year, according to the average of estimates of analysts polled by CNBC-TV18.
Lanco Infratech is likely to report a consolidated loss of Rs 405 crore during October-December quarter against loss of Rs 503 crore in same quarter last year.
Gross generation will also fall 18 percent Q-o-Q mainly due to lower generation at Udupi and Anpara while coal business (Griffin) will continue to report loss and will turn EBITDA positive only by Q4FY14, say analysts.
A spurt of loan defaults and lower net interest income in the three months that ended June triggered the second consecutive drop in quarterly profit for SBI, sending its shares to their lowest since December 2011
Analysts expect an improvement in profitability of operational projects of Lanco Infratech, which have been hurt by infrastructure/fuel availability and other related issues. Gross generation may improve Q-o-Q due to improvement in fuel availability at both Udupi and Anpara.
Cash flows are under a lot of pressure which has resulted in a slight increase in gross NPA and net NPA, says OBC CMD SL Bansal. Meanwhile, the bank aims to maintain net interest margin in the range of 2.85-2.87 percent ahead.
In an interview to CNBC-TV18, TM Bhasin, CMD, Indian Bank spoke about Q1 numbers and exposure to Lanco Infratech, which has proposed debt recast for loans worth Rs 7500 crore.
Allahabad Bank managed NPA recovery of Rs 837 crore and reduced fresh addition to Rs 1,694 crore from Rs 2,586 crore. The bank's total restructured book of the bank is Rs 13,595 crore, which was earlier Rs 14,874 crore as of March 31, 2013
Lanco Infra on Thursday reported a net loss Rs.72.82 crore. It had made a net profit of Rs.72.75 crore in the same period last year.
The engineering, procurement and construction (EPC) business of Lanco Infratech took a beating in the Q3 of FY13 and T Adibabu, COO-Finance of the company believes the cash flows at the discom levels are to be blamed for it.
Lanco Infratech is going to announce its results for the third quarter of financial year 2012-13 on Tuesday. Analysts on an average expect the company to report consolidated net loss of 120 crore in the quarter compared to a reported profit of Rs 121 crore in a year ago quarter, according to CNBC-TV18 poll.
Shortage of fuel supply to power plants coupled with high interest burden have impacted the profits of infrastructure companies during the July-September quarter of the current fiscal.
Prabhudas Lilladher has come with its September`12 quarterly earning estimates for power sector. According to research report, power sector experienced relatively higher merchant tariff rates, average rate being Rs3.5/unit (3.4/unit in Q1FY13), which indicates that monsoons didn‘t have much impact on prices.
Emkay Global Financial Services has come with its June quarterly earning estimates for utilities sector. According to the research firm, top line is expected to decline marginally by 0.5% QoQ, while grow by 23.7% YoY.
Lanco Infratech is set to announce its fourth quarter FY12 results. According to CNBC-TV18's estimates, the company's Q4 net sales are seen up 36% at Rs 2749 crore versus Rs 2018 crore. EBITDA is seen up 57% at Rs 625 crore versus Rs 398 crore.
Emkay Global Financial Services has come with its March 2012 quarterly earning estimates for power sector. According to the research firm EBITDA margin will decline by 145bps YoY while to improve by 484bps QoQ. Adjusted net profit will grow by ~47% QoQ and ~7% YoY.
In an interview with CNBC-TV18, Philip Chacko of Lanco Infratech, spoke about the company’s third quarter FY12 results and the road ahead.
Motilal Oswal has come with its December quarterly earning estimates for utilities sector.
Emkay Global Financial Services has come with its December quarterly earning estimates for power sector. According to the research firm top line is expected to grow by 4% QoQ and 27% YoY during 3Q12.
Lanco Infratech is to announce its second quarter results. According to CNBC-TV18's estimates, the company's Q2 consolidated net sales are seen down 0.4% at Rs 2033 crore versus Rs 2042 crore, year-on-year, YoY.
Prabhudas Lilladher has come out with its earning estimates on Power sector for the quarter ended September 2011. According to the research firm, Lanco Infratech Sept quarter net sales are expected to go down by 14% at Rs 1756.2 crore, year-on-year, (YoY) basis.
A lot of infrastructure companies came out with their earnings over the weekend, reports CNBC-TV18's Priyanka Dalmia.
Lanco Infratech is likely to post consolidated profit after tax of Rs 72.23 crore in the first quarter of FY12, a fall of 63% as compared to Rs 194.69 crore in the corresponding quarter last fiscal.
Lanco Infratech is expected to report a fall of 63% (YoY) in profits for the first quarter of FY12. During the period, consolidated profit after tax of the company is likely to fell to Rs 72.23 crore from Rs 194.69 crore in the corresponding quarter last fiscal.