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Sales are expected to decrease by 9.2 percent Q-o-Q (down 2.6 percent Y-o-Y) to Rs 8707.4 crore, according to ICICI Securities.
On improvement in power demand, Anil Sardana, MD & CEO of Tata Power says, there is traction as India has lot of pent-up demand and schemes like UDAY will boost consumption.
Profit after tax for Mundra came in at Rs 9 crore against Nomura's estimate of a Rs 41 crore loss. Sales volume in its coal business came in at 21.4 million tonnes. It was 3 percent above Nomura forecast. The brokerage firm maintains its buy call on the stock.
Operating profit (earnings before interest, tax, depreciation and amortisation) is seen rising 25 percent to Rs 2,046 crore and margin may remain flat at 20.6 percent compared to corresponding period of last fiscal.
The company is getting closer to the Arutmin mine stake sale and is likely to be completed in six months, said Anil Sardana, CEO & MD Of Tata Power.
Revenue is likely to increase 6 percent to Rs 9,370 crore in quarter ended December 2015 compared to Rs 8,807 crore in corresponding quarter of last fiscal, led by improvement in volumes in Mumbai circle.
Revenue may fall 3 percent to Rs 8,650 crore from Rs 8,394 crore year-on-year. Operating profit is seen rising 7.5 percent on yearly basis to Rs 1,819 crore and margin may expand 84 basis points to 21 percent in quarter gone by.
Analysts are expecting Tata Power to report small profit this quarter driven by higher EBITDA from Mundra led by decline in fuel cost despite a slight decline in plant load factor (PLF)
Tata Power's third quarter consolidated profit after tax is expected to be at Rs 134 crore against loss of Rs 75 crore in the year-ago period, according to the average of estimates of analysts polled by CNBC-TV18.
According to CNBC-TV18 poll, analysts expect the company to report profit after tax of Rs 201 crore as against reported loss of Rs 329 crore in same quarter last year.
Coal margins shrunk in Q2 as realisations are low, which partly negated by rupee depreciation. September quarter is a seasonally weak for coal production volume at KPC/Arutmin.
All key metrics of Tata Power will look higher in first quarter on a Y-o-Y basis due to commissioning of 4 units of Mundra during the last 4 quarters.
Kotak Securities expects Tata Power to report a 50.4 percent degrowth quarter-on-quarter (down 37.6 percent year-on-year) in net profit at Rs 89.9 crore.
Emkay Equity Advisory expects Tata Power to report a 3.9 percent growth quarter-on-quarter (degrowth of 25.1 percent year-on-year) in net profit at Rs 228 crore.
Adani Enterprises is looking forward to margin improvement in FY14 , once it starts charging higher tariff from consumers.
Kotak Securities has come with its March quarterly earning estimates for capital goods sector. The research firm expects aggregate revenue growth of capital goods sector to be 6.7% YoY in the Mar-ending quarter, driven mainly by L&T, Cummins, and other midcaps and aggregate PAT is expected to post modest growth of 2.7% yoy in Q4 FY13.
Kotak Securities has come with its December quarterly earning estimates for capital goods sector. According to the research firm, capital goods companies are expected to post aggregate revenue growth of 10.4% YoY in the Dec-ending quarter, driven mainly by L&T, Cummins, and other midcaps.
Motilal Oswal has come out with its earnings estimates on utilities sector for December quarter FY13. The research firm expects utility companies in their coverage to report aggregate 3QFY13 revenue growth of 15% YoY and PAT growth of 12% YoY.
Private power producer Tata Power posted a lower than expected consolidated net loss of Rs 83.8 crore in the second quarter of the current financial year as against a loss of Rs 1,187 crore in a year ago period. The company‘s consolidated net sales increased 17.8% to Rs 7,399 crore from Rs 6,282 crore during the same period.
Private power producer Tata Power is expected to report a consolidated profit after tax at Rs 275 crore in the July-September quarter of current financial year as against net loss of Rs 1,187 crore in a year ago period.
ICICI direct.com has come with its September`12 quarterly earning estimates for power space.
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.
Motilal Oswal has come with its September quarterly earning estimates for utilities sector. Research firm expect utilities companies (excluding Coal India) to report aggregate revenue growth of 9% YoY and PAT de-growth of 2% YoY for 2QFY13.
Anil Sardana, MD, Tata Power, says that the revenue of the company grew by above 20%. Positively, the Mundra unit which was commercialized in July-end has in the last 15 days is working at 100% plant load factor.
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.