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IRB Infra Q3 profit seen down 26%, revenue may grow 2%

Road developer IRB Infrastructure's third quarter profit is likely to fall 26 percent to Rs 125 crore compared with Rs 169 crore in year-ago period.
Jan 24, 2017 / 05:15 PM IST
 
 
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Road developer IRB Infrastructure's third quarter profit is likely to fall 26 percent to Rs 125 crore compared with Rs 169 crore in year-ago period.


Revenue during the quarter is seen rising 1.8 percent year-on-year to Rs 1,358 crore, according to average of estimates of analysts polled by CNBC-TV18.


EBITDA (earnings before interest, tax, depreciation and amortisation) may grow 2 percent to Rs 702 crore and margin may expand 20 basis points to 51.7 percent compared with year-ago period.


IRB Infra said average gross daily toll collection in December at Rs 7.79 crore against Rs 7.53 crore in October, but it has not provided toll collection numbers for period between November 9-December 2.


The company had said it would be booking revenue equal to the October toll collection in Q3FY17, with a corresponding entry in accounts receivables, till the payment is received.

So analysts say toll collection for the quarter can be Rs 715 crore, a 4 percent growth YoY.

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