IRB Infra Q3 PAT seen up 27.6% YoY to Rs. 264.8 cr: ICICI Direct

ICICI Direct has come out with its third quarter (October-December’ 18) earnings estimates for the Construction & Roads sector. The brokerage house expects IRB Infra to report net profit at Rs. 264.8 crore up 27.6% year-on-year (up 53.1% quarter-on-quarter).

Net Sales are expected to increase by 23.8 percent Y-o-Y (up 12 percent Q-o-Q) to Rs. 1,604.2 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 22.1 percent Y-o-Y (up 14.9 percent Q-o-Q) to Rs. 769.8 crore.

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