IL&FS Transportation Networks Q4FY16 consolidated net profit declines 3.3% yoy to Rs.80.42 crore : Beats Estimates

India Infoline News Service | Mumbai |

The company’s consolidated revenue stood at Rs. 2,548.04 crore, up 71.74% yoy and 16.32% qoq.

IL&FS Transportation
IL&FS Transportation Networks, country's largest private sector BOT road operators, reported consolidated net profit of Rs.80.42 crore for the quarter ended March 31, 2016, registering growth of 3.3% yoy, but decline of 49.44% qoq. The company’s revenue stood at Rs. 2,548.04 crore, up 71.74% yoy and 16.32% qoq.

Its consolidated core operating profit of Rs. 777.08 crore for the quarter, clocked growth of 80.1% yoy but decline of 1.84% qoq. Operating profit margin for the current quarter at 30.5% expanded by 142 bps yoy but contracted by 564 bps qoq.

For the year ended March 31, 2016, the company reported consolidated net profit of Rs. 311.54 crore, declining by 29.77% yoy. Its consolidated revenue for the period stood at Rs. 8,263.79 crore, registering growth of 27.12% yoy.

IL&FS Transportation Networks Ltd's core operating profit stood at Rs. 2,767.15 crore, recording growth of 29.39% yoy. Operating margin for the current period at 32.7% contracted by 23 bps yoy.

On standalone basis,IL&FS Transportation Networks Ltd, reported standalone net profit of Rs.31.07 crore for the quarter ended March 31, 2016, registering decline of 2.11% qoq. However, the company had reported standalone net loss of Rs. 3.35 crore in the corresponding quarter of the previous year. The company’s revenue stood at Rs. 1,513.95 crore, up 88.28% yoy and 30.23% qoq.

Its standalone core operating profit of Rs. 238.04 crore for the quarter, clocked growth of 197.7% yoy and 14.27% qoq. Operating profit margin for the current quarter at 15.72% expanded by 578 bps yoy but contracted by 220 bps qoq.

For the year ended March 31, 2016, the company reported standalone net profit of Rs. 173.49 crore, declining by 45.56% yoy. Its standalone revenue for the period stood at Rs. 4,762.03 crore, registering growth of 35.17% yoy.

IL&FS Transportation Networks Ltd's core operating profit stood at Rs. 840.22 crore, recording growth of 8.65% yoy. Operating margin for the current period at 17.18% contracted by 477 bps yoy.

Result Highlights: (Rs. in crore)

Reported Results IIFL Estimates Variance (%)
Consolidated Revenue 2548.04 1772.05 43.79
Consolidated Net Profit 80.42 27.03 197.50

Standalone EPS for the quarter stood at Rs. 1.73.

Bloomberg estimated the company’s consolidated net profit at Rs. 13.45 crore.

Stock Commentary:

IL&FS Transportation Networks Ltd is currently trading at Rs. 74, up by 2.6 points or 3.64% from its previous closing of Rs. 71.4 on the BSE.

The scrip opened at Rs. 71.6 and has touched a high and low of Rs. 77.15 and Rs. 70.6 respectively. So far 1079369(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 2348.77 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 164.75 on 27-May-2015 and a 52 week low of Rs. 64 on 26-Feb-2016. Last one week high and low of the scrip stood at Rs. 74.8 and Rs. 71.1 respectively.

The promoters holding in the company stood at 73.22 % while Institutions and Non-Institutions held 9.06 % and 17.73 % respectively.

The stock is currently trading below its 200 DMA.



***Note: This is a NSE Chart

 

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