IL&FS Transportation Q2 profit slips 46%, revenue down 26%

Infrastructure company IL&FS Transportation Networks disappointed analysts with quarterly earnings. Profit in July-September quarter fell 46 percent year-on-year to Rs 57.1 crore, impacted by revenue as well as operational performance despite higher other income.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney master your money IThe Winning Leap SME Special
Moneycontrol

Home » News » Earnings » Results

Dec 02, 2016, 03.36 PM | Source: Moneycontrol.com

IL&FS Transportation Q2 profit slips 46%, revenue down 26%

Infrastructure company IL&FS Transportation Networks disappointed analysts with quarterly earnings. Profit in July-September quarter fell 46 percent year-on-year to Rs 57.1 crore, impacted by revenue as well as operational performance despite higher other income.

Like this story, share it with millions of investors on M3

IL&FS Transportation Q2 profit slips 46%, revenue down 26%

Infrastructure company IL&FS Transportation Networks disappointed analysts with quarterly earnings. Profit in July-September quarter fell 46 percent year-on-year to Rs 57.1 crore, impacted by revenue as well as operational performance despite higher other income.

Post Your Comments

Share Cancel

IL&FS Transportation Q2 profit slips 46%, revenue down 26%
Moneycontrol Bureau

Infrastructure company IL&FS Transportation Networks disappointed analysts with quarterly earnings. Profit in July-September quarter fell 46 percent year-on-year to Rs 57.1 crore, impacted by revenue as well as operational performance despite higher other income.

Revenue during the quarter declined 26.5 percent to Rs 978.2 crore compared with year-ago period.

Other income increased substantially to Rs 150.6 crore from Rs 12.81 crore on yearly basis. It included Rs 140.93 crore on account of profit on sale of 2.6 lakh shares of Elsamex SA, Spain, a subsidiary company to its wholly owned subsidiary in Singapore against issue of fresh equity shares, the company said.

EBITDA (earnings before interest, tax, depreciation and amortisation) dropped 33.8 percent year-on-year to Rs 297.4 crore and margin contracted by 335 basis points to 30.4 percent in Q2.

Finance cost during the quarter increased sharply by 31.4 percent to Rs 367 crore from year-ago period.

At 15:27 hours IST, the stock was quoting at Rs 96.20, down Rs 5.10, or 5.03 percent on the BSE.

Buy, Hold, Sell ? Hear it first on M3
IL&FS Transportation Q2 profit slips 46%, revenue down 26%

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login