Voltas Q2 PAT seen up 21%, declining order book weighs: ET NOW Poll

NEW DELHI: Voltas Ltd is slated to come out with its second quarter results for the financial year 2013 on Monday. The company is expected to report a 21 per cent jump in its net profit for the quarter ended September 30 to Rs 51 crore from Rs 42 crore reported in the year-ago period, according to ET Now estimates.

Adjusted PAT is seen at Rs 23.6 crore, up 116 per cent. Last year profits were increased by one-time adjustment on sale of property for Rs 18.3 crores.

Net sales of the company are likely to grow by 5 per cent for the September quarter to Rs 1157 crore from Rs 1102 crore reported in the year-ago period.

EBITDA is seen at Rs 61 crore, or 123 per cent jump in the second quarter of the financial year 2013, compared to Rs 27.3 crore in the year ago period. EBITDA margins are likely to expand to 5.3 per cent from 2.4 per cent reported in the year ago period.

Factors to watch out:

1) Revenue, profit growth are expected to be on a low base of last year.

2) Stable growth in Electro Mechanical, Engineering revenues.

3) Muted growth seen in Unitary Cooling Vertical.

4) Declining orderbook is a concern.