A lot of infrastructure companies came out with their earnings over the weekend, reports CNBC-TV18's Priyanka Dalmia.
Interest cost is the key observed in most of the infrastructure companies' results. Jaiprakash Associates ' bottom-line pressure was due to high interest cost.
Punj Lloyd saw good order inflow traction as was expected. Operating revenues exceeded expectations. However, bottom-line came in at a slight loss versus a slight profit that was expected, primarily on account of interest costs.
IVRCL Infra came in with disappointing numbers, especially on the bottom-line due to high interest costs.
Interest costs for all these companies have gone up, close to 40% year-on-year.
Lanco Infra results came in below estimates across all parameters. There was significant disappointment on the bottom-line level due to high interest costs and elimination in the construction business.
