At Moneycontrol, the Results page helps you effectively track corporate announcements and results for various listed companies across both India and abroad. With our Results page, you can keep abreast with an updated, comprehensive view of all the profit/loss statements, company spendings, AGM outcomes, and quarterly and annual results from all these listed companies. Additionally, Moneycontrol also regularly tracks international MNCs listed on NASDAQ and Asian bourses, including popular companies like Apple, Google, Alibaba. Apart from finding solid copies of company results, stock movements consequent to these company results, expectations, and analytical post results copies, you will also find copies and articles detailing the earnings, impact, and all major announcements made to media/exchanges by these companies, so that you do not miss anything. We also provide you with concrete data points to help you spot profitable trades, stock build-ups, and bulk deals. At Moneycontrol, we also cover analysts/investors meetings; scrutinise results and data and BSE/NSE reports or news. The copies are not just full of information and data, but are also adequately supplemented with expert views, investor opinions, extensive interviews, videos, and a huge variety of explainers, analyses, and informative slideshows to help you gauge the market and make investment decisions in the best possible manner. More
Speaking to CNBC-TV18, VD Mhaiskar, CMD of IRB Infra says that current orders will be executed in next 2.5-3 years and hence, there are no worries over the growth.
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.
Sudhir Hoshing, Joint Managing Director, IRB Infrastructure expects traffic volumes and revenues to increase and hopes to garner around Rs 1.15 crore per day, going forward for the Ahmedabad-Vadodara project.
Revenue is seen rising 39 percent to Rs 1,375 crore compared to same quarter last fiscal. Analysts say EPC revenue may grow led by start of construction in newer projects and traffic on key road projects is likely to grow 6-7 percent YoY.
Speaking to CNBC-TV18, Virendra Mhaiskar, Chairman & MD of the company said strong volume growth aided toll income improvement in the last quarter. The volume growth was close to 8-9 percent in Q3.
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.
Anil Yadav, Group CFO, IRB Infra says the company‘s order book stands at Rs 9,650 crore, which will be executed in the next 3-4 years.
Gross toll revenue is expected to grow 15-20 percent on the back of healthy traffic growth. Main routes like Mumbai-Pune, Bharuch-Surat and Surat-Dahisar may see double digit growth with additional revenue from Pathankot-Amritsar.
Lower steel and diesel prices have helped margins in the Engineering Procurement and Construction (EPC) business, VD Mhaiskar, CMD, IRB Infra tells CNBC-TV18.
The company is expecting the Ahmedabad-Vadodara project to get completed after two quarters
According to analysts polled by CNBC-TV18, its construction revenue is expected to see only a mild uptick. Toll revenue may grow over 50 percent (Y-o-Y). Analysts are also hoping that traffic growth at Mumbai-Pune, Bharuch-Surat and revenue from newly commissioned project Amritsar Pathankot will further prep up revenues.
For IRB Infra, the Bombay-Pune project revenue alone stood at Rs 147 crore versus Rs 110 crore (YoY), while the Bharuch-Surat project toll revenue stood at Rs 48.7 crore in the quarter under revenue against Rs 42 crore (YoY).
IRB Infrastructure's third quarter profit after tax is seen going up 21.3 percent year-on-year to Rs 132 crore, according to the average of estimates of analysts polled by CNBC-TV18.
In the current quarter (Q3), IRB had bagged Solapur-Yedeshi Project worth Rs 1300 crore. The developer has also stated that Surat-Dahisar Project in which they hold a 10 percent stake is eligible for interest rate refinancing.
"As far as the balance sheet is concerned we have absolutely no issues on hand. We are comfortable in terms of interest payment," Virendra Mhaiskar said.
Analysts expect profit after tax of the company to decline 11.3 percent year-on-year to Rs 107 crore while net sales are expected to increase 8.9 percent Y-o-Y to Rs 921 crore in three-month period ended September 2013.
IRB Infrastructure is confident of maintaining healthy margins in the coming quarters. Toll collections have increased in some areas, and a few projects are on the verge of completion, says Anil Yadav, CFO of IRB Infrastructure in an interview to CNBC-TV18.
With a larger share of high margin BOT segment expanding, overall margin of IRB Infrastructure is set to expand by 160 bps on yearly basis to 45.1 percent during the quarter.
Kotak Securities expects IRB Infra to report a 24.7 percent degrowth quarter-on-quarter (decline of 20 percent year-on-year) in net profit at Rs 113.8 crore.
Anil Yadav, CFO, IRB Infrastructure Developers says the company has an Rs 8,400 crore order book position. Going forward, the company will aim for an order book of 300 to 400 kilometres in a year.
VD Mhaiskar, CMD, IRB Infrastructure said revenues for Q3 have been robust on back of sound execution of projects on the construction side and also because of higher toll collections.
IRB Infrastructure is set to announce its third quarter results on Wednesday. Analysts on an average expect profit after tax of the company to fall by 6.9 percent year-on-year to Rs 122 crore in the December quarter due to higher interest and depreciation cost, according to CNBC-TV18 poll.
Nirmal Bang has come out with its earnings estimates on infrastructure space for December quarter FY13. The research firm expect pure EPC companies in our coverage to post moderate revenue growth in 3QFY13 after a seasonally weak quarter and marginal improvement in operating profit.
Angel Broking has come with its December quarterly earning estimates for Infrastructure sector. According to the research firm, companies in our infrastructure universe are expected to report a subdued top-line growth of 12.8% (YoY) on the back of slowdown in execution.
V D Mhaiskar, CMD of IRB Infra said the construction segment revenue stands at Rs 597 crore in Q2 and the tolling revenue for the same quarter is Rs 248 crore. He added that the current quarter saw 6.2% average growth in project inflows.