IRB Infrastructure Q1 profit may increase 4% but revenue may decline 8%

Operating profit may drop 9.4 percent to Rs 700 crore and margin may contract 50 basis points to 50.4 percent compared with same quarter last year.

July 22, 2017 / 17:07 IST

IRB Infrastructure Developers | In 2020 so far, the share price has moved up 76 percent to Rs 131.20. It's trailing twelve months (TTM) P/E was 6.40 multiple while 5-year average P/E was 8.30 multiple.

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Road developer IRB Infrastructure's first quarter is expected to be steady in earnings as profit may increase nearly 4 percent year-on-year to Rs 188 crore.

Revenue during the quarter is seen falling 8.2 percent year-on-year to Rs 1,392 crore, according to average of estimates of analysts polled by CNBC-TV18.

Operating profit may drop 9.4 percent to Rs 700 crore and margin may contract 50 basis points to 50.4 percent compared with same quarter last year.

On like-to-like basis, execution at construction segment is expected to be flat, analysts feel.

Toll collection growth is expected to decline on account six assets which got transferred to InvIT.

first published: Jul 22, 2017 05:07 pm

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