IRB Infrastructure Developers Ltd Q2FY17
Consolidated Results Q2FY17: (Rs. in crore)
|EBITDA Margin (%)||54.9||228|
|Net Profit (adjusted)||142.18|||
IRB Infrastructure Developers Ltd.’s consolidated Q2FY17 result came in below Bloomberg estimates. Revenue came in 8.9% lower than the estimate of Rs 1416 cr. EBITDA stood 17.1% lower than the estimate of Rs 856 cr. Also, net profit was 47.7% lower than the estimated figure of Rs 272 cr.
Revenue for the quarter increased 12.3% yoy to Rs 1291 cr. This was led by 19% & 7% yoy growth in BOT projects segment and construction segment respectively.
EBITDA increased by 17.2% yoy to Rs 709 cr led by 228 bps yoy expansion in EBITDA margins at 54.9%. This was primarily driven by 40% yoy decline in cost of material consumed.
However, net profit was decreased by 5% yoy to Rs 142.18 cr. This was led by 42% yoy jump in finance cost.
IRB Infrastructure Developers Ltd is currently trading at Rs. 190.8, up by 1.45 points or 0.77% from its previous closing of Rs. 189.35 on the BSE.
The scrip opened at Rs. 192 and has touched a high and low of Rs. 194.15 and Rs. 189.45 respectively. So far 1018668(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 50 DMA.
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