3QFY12 Result Update
Topline up 16.6% YoY at INR 2627.3 Cr on higher sales volume of 5.04 MT & better realizations (INR 4660/ton)Skip to top
- Reported 3QFY12 EBITDA of INR 907 Cr; lower than our estimates due to hike in export duty.
- Reported Adjusted PAT of INR 691.5 Cr; includes INR 121.9 Cr profit of Cairn India.
- Increase in export duty hurt but strong iron ore prices and Rupee depreciation offsets.
- Change in EPS estimates by -31.1% and -9.1% for FY12E & FY13E respectively adjusting duty hike.