IRB INFRA. Surges by 5%; BSE REALTY Index Up 0.7%
January 13, 2020 10:20 AM

IRB INFRA. share price has zoomed 5% and is presently trading at Rs 87.

Meanwhile, the BSE REALTY Index is at 2,396 (up 0.7%).

Among the top Gainers in the BSE REALTY Index today is IRB INFRA. (up 5.3%).

GODREJ PROPERTIES (down 0.6%) and PHOENIX MILL (down 0.9%) are among the top losers today.

Over the last one year, IRB INFRA. has moved down from Rs 158 to Rs 87, registering a loss of Rs 70 (down 44.8%).

On the other hand, the BSE REALTY has moved up from 1,860 to 2,396, registering a gain of 536 points (up 28.5%) during the last 12 months.

The top gainers among the BSE REALTY Index stocks during this same period were PHOENIX MILL (up 52.8%), PRESTIGE ESTATES (up 51.9%) and DLF (up 34.2%).

What About the Benchmark Indices?

The BSE Sensex is at 41,893 (up 0.5%).

The top gainers among the BSE Sensex stocks today are INFOSYS (up 4.2%), COAL INDIA (up 1.8%) and SUN PHARMA (up 1.5%). Other gainers include L&T (up 1.0%) and KOTAK MAHINDRA BANK (up 0.8%). The most traded stocks in the BSE Sensex are INFOSYS and ICICI BANK.

In the meantime, NSE Nifty is at 12,338 (up 0.5%). INFOSYS (up 4.2%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 36,106 to 41,893, registering a gain of 5,787 points (up 15.8%).

IRB INFRA. Financial Update...

IRB INFRA. net profit down at Rs 2 billion for the quarter ended September 2019, compared to a loss of Rs 2 billion a year ago. Net Sales declined 2.0% to Rs 17.5 billion during the period as against Rs 17.9 billion in July-September 2018.

For the year ended March 2019, IRB INFRA. reported 7.2% increase in net profit to Rs 8.5 billion compared to net profit of Rs 7.9 billion during FY18.

Revenue of the company grew 17.8% to Rs 67 billion during FY19.

The current Price to earnings ratio of IRB INFRA., based on rolling 12 month earnings, stands at 3.7x.