IRB Infra Q1 PAT may dip 10.8% YoY to Rs. 223.2 cr: ICICI Direct

ICICI Direct has come out with its first quarter (April-June’ 19) earnings estimates for the Road & Construction sector. The brokerage house expects IRB Infra to report net profit at Rs. 223.2 crore down 10.8% year-on-year (up 7.3% quarter-on-quarter).

Net Sales are expected to increase by 17.9 percent Y-o-Y (down 6.9 percent Q-o-Q) to Rs. 1,813.4 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 0.9 percent Y-o-Y (down 0.9 percent Q-o-Q) to Rs. 753.2 crore.

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