IRB Infra Q2 PAT seen down 11.3% at Rs 107 cr: Poll

Mumbai-based road developer IRB Infrastructure will declare its second quarter (July-September) results today. According to a CNBC-TV18 poll, key factors to watch out for are traffic growth, status of Karwar-Kundapur project and incremental order inflow as most of its active projects are nearing completion.

Analysts expect profit after tax of the company to decline 11.3 percent year-on-year to Rs 107 crore while net sales are expected to increase 8.9 percent Y-o-Y to Rs 921 crore in three-month period ended September 2013.

During the same period, earnings before interest, tax, depreciation and amortisation may rise 9.2 percent to Rs 416 crore and operating profit margin may expand 10 basis points to 45.2 percent.

Analysts expect EPC revenue to decline 5 percent Y-o-Y because of subdued construction activity during the monsoon season and a fall in order backlog.

Toll revenue is expected to grow 12 percent driven by toll rate revision while traffic growth is expected to remain flat or marginally negative in the wake of slowdown in the economy. IRB Infra hiked toll rates for Bharuch-Surat highway.