IRB Infrastructure Q1 profit seen down 6%, topline may grow 27%

Mumbai-based road developer IRB Infrastructure's consolidated profit in April-June quarter may decline 6 percent year-on-year to Rs 155 crore, impacted by interest and depreciation cost due to Vadodara-Ahmedabad project.

Revenue is likely to jump 27 percent to Rs 1,411 crore from Rs 1,109 crore on yearly basis but may decline on sequential basis.

EPC revenue may grow 35 percent YoY led by start of construction in newer projects. Traffic on key road projects is likely to grow 6-7 percent YoY.

Operating profit during the quarter is seen rising 17 percent to Rs 736 crore but margin may shrink 450 basis points to 52.2 percent due to change in mix of revenues.