Mumbai-based road developer IRB Infrastructure's third quarter earnings are expected to be strong with profit rising 14 percent year-on-year to Rs 151 crore and revenue up 28 percent to Rs 1,236 crore.
Topline growth may be driven by commencement of tolling on Vadodara-Ahmedabad highway from December.
Operating profit (earnings before interest, tax, depreciation and amortisation) may increase 18.5 percent to Rs 658 crore but margin may contract 430 basis points to 53.3 percent compared to year-ago period, according to analysts polled by CNBC-TV18.
Engineering, procurement and construction (EPC) revenue is likely to grow 53 percent year-on-year led by start of construction in newer projects while traffic on key road projects is likely to grow 6-7 percent y-o-y.
Interest and depreciation cost may increase due to Vadodara-Ahmedabad project, leading to decline in earnings.
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