IRB Infrastructure reported 11.22% fall yoy in Dec-20 quarter consolidated revenues at Rs1,547.15cr. The top line shows that the volumes of projects executed have gone down on a yoy basis. While there was a COVID impact, the government has been spending aggressively on infrastructure projects.
For the Dec-20 quarter, the consolidated operating profits were down 14.5% at Rs528.57cr. This was on the back of higher costs and lower revenues to absorb fixed operating costs. As a result, operating margin or OPM fell from 35.47% in the Dec-19 quarter to 34.16% in Dec-20 quarter.
Consolidated Profit after tax (PAT) for the Dec-20 quarter was down 56.5% at Rs69.48cr on higher interest costs despite lower cost of funds in the economy. PAT margins contracted from 9.17% in Dec-19 to 4.49% in Dec-20.
Financial highlights for Dec-20 compared yoy and sequentially
|
|
IRB Infrastructure |
|
|
|
|
Rs in Crore |
Dec-20 |
Dec-19 |
YOY |
Sep-20 |
QOQ |
|
Total Income (Rs cr) |
₹ 1,547.15 |
₹ 1,742.64 |
-11.22% |
₹ 1,123.32 |
37.73% |
|
Operating Profit (Rs cr) |
₹ 528.57 |
₹ 618.16 |
-14.49% |
₹ 426.49 |
23.93% |
|
Net Profit (Rs cr) |
₹ 69.48 |
₹ 159.73 |
-56.50% |
₹ -19.66 |
-453.41% |
|
|
|
|
|
|
|
|
Diluted EPS (Rs) |
₹ 1.98 |
₹ 4.55 |
|
₹ -0.56 |
|
|
OPM |
34.16% |
35.47% |
|
37.97% |
|
|
Net Margins |
4.49% |
9.17% |
|
-1.75% |
|
Related Tags: