During the period, its operating profit margin may gain 9 percent at Rs 960 crore versus Rs 877.39 crore while operating margin at 11.1 percent versus 10.23 percent (year-on-year).
Operating profit in Q1 may fall 9 percent at Rs 682 crore versus Rs 748 crore while operating profit margin may come in at 7.7 percent against 9.4 percent.
Analysts believe that the worst hit from the ruling will be Jindal Steel and Power (JSPL) and Hindalco. Yet, even after pricing in the worst-case scenarios for both companies, they do not see significant declines for their share prices, which have already taken a serious knock after the initial ruling came out.
Hindalco Industries, the manufacturer of non-ferrous metals would save nearly Rs 150 crore of interest payment on annual basis following refinancing of Utkal alumina project, Managing Director, D Bhattacharya told CNBC-TV18.
A ministerial panel is believed to have recommended conditional approval to start production from Chhatrasal and Mahan coal mines in Madhya Pradesh.
A group of ministers (GoM) is likely to meet on 28 April 2012 to discuss various issues related to coal. GoM will discuss issues related to eight power projects which are delayed due to environment and forest clearances, reports CNBC-TV18.