IRB Infrastructure has reported higher-than-expected numbers
at PAT and EBITDA level in the July-September quarter of financial year
2012-13. Consolidated net profit grew by 9 percent year-on-year to Rs 121 crore
in the July-September quarter of financial year 2012-13 due to lower than
expected depreciation.
Analysts on an average had expected net profit at Rs 109
crore for the quarter. Depreciation increased 76 percent YoY to Rs 111 crore in
the quarter owing to completion of the Surat-Dahisar project while analysts
expected a rise of 80 percent.
Consolidated net sales rose nearly 15 percent to Rs 845.3
crore from Rs 736 crore during the same period, which was slightly below
expectations of Rs 868 crore.
Earnings before interest, tax, depreciation and amortization
(EBITDA) went up by 18 percent YoY to Rs 380 crore and EBITDA margin jumped 120
basis points to 44.9 percent during the same quarters.
At 14:31 hours IST, the share, which dropped nearly 23
percent in last one month on allegations of links of promoter with BJP
President Nitin Gadkari, gained 3.3 percent to Rs 119.05.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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