IEB Infrastructure Q1 PAT seen 16% down at Rs 113 cr

NEW DELHI: IRB Infrastructure Ltd will be announcing its quarterly results on Friday. The company is expected to post a net profit of Rs 113 crore for the quarter ended June 2012, down 16 per cent, against a net profit of Rs 134 crore year-on-year (YoY), according to an ET Now poll.

Net sales are expected to have grown to Rs 856 crore, up 7 per cent, in the first quarter, against Rs 801 crore YoY.

Earnings before interest, taxes, depreciation and amortization (EBITDA), the operations profitability measure of the company, are expected to rise by 7 per cent to Rs 354 crore as against Rs 329 crore in the year-ago-period.

Factors to watch:

1) Slowdown in construction revenues expected 2) Ramp up of Vadodara-Ahmedabad road to start in Q2 3) BOT revenues higher on toll as rate was hiked in certain roads 4) Namakkal - Omallu toll road commencement started in Q1 5) Tumkur- Chitradurg road will have full quarter of collections 6) Higher interest costs to impact profits of the company