IRB Infra Q2 PAT seen flat at Rs 109 cr
IRB Infrastructure is expected to report a flat profit after tax of Rs 109 crore in the second quarter of FY13 as against Rs 110 crore in the corresponding quarter of last fiscal due to higher depreciation charges.
October 30, 2012 / 12:30 IST
IRB Infrastructure is expected to report a flat profit after tax of Rs 109 crore in the second quarter of FY13 as against Rs 110 crore in the corresponding quarter of last fiscal due to higher depreciation charges.
Depreciation charges will be higher owing to completion of the Surat-Dahisar project.Net sales are likely to go up by 18 percent to Rs 868 crore from Rs 736 crore during the same period.Earnings before interest, tax, depreciation and amortisation (EBITDA) too is seen rising by 18.6 percent YoY to Rs 381 crore in the July-September quarter.EBITDA is likely to go up by 25 basis points YoY to 43.9 percent. Analysts feel the IRB Infrastructure is expected to post a good performance and expect strong execution in road projects.Growth in the E&C segment is expected to come in at 18 percent on the back of healthy execution pace in BOT projects. Overall EBITDA will increase owing to larger share of high margin BOT projects.Investors should watch out for toll collection on operational projects (due to slowing economic growth) and progress of under construction projects (Ahmedabad-Vadodara project). Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
