IRB INFRA. Announces Quarterly Results (2QFY20); Net Profit Up 15.7%

Fri, 25 Oct

IRB INFRA. has announced its results for the quarter ended September 2019. Here is a detailed performance review of the same:

IRB INFRA. Quarterly Financials

Year-on-Year Performance:

• The company's operating income during the quarter grew 22.3% on a year-on-year (YoY) basis. The expenses were up by 31.8% YoY during the same period.
• The company's operating profit increased by 11.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 42.7% in 2QFY20 as against 46.8% in 2QFY19.
• Depreciation charges declined by 17.0% and finance costs increased by 40.2% YoY, respectively.
• Other income declined by 7.9% YoY during the quarter.
• Net profit for the quarter increased by 15.7% YoY. Net profit margins during the quarter declined from 11.6% in 2QFY19 to 11.1% in 2QFY20.

Quarter-on-Quarter Performance:

• The company's operating income during the quarter fell 1.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 9.5% QoQ during the same period.
• The company's operating profit declined by 12.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 42.7% in 2QFY20 as against 48.2% in 1QFY19.
• Net profit for the quarter declined by 3.1% QoQ, while net profit margins declined from 11.3% in 1QFY19 to 11.1% in 2QFY20.

To see how IRB INFRA. has performed over the last eight quarters,please visit here.

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IRB INFRA. Share Price Performance

Over the last one year,IRB INFRA. share price has moved down from Rs 121.0 to Rs 80.8, registering a Loss of Rs 40.3 or around 33.3%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 2,025.1 (down 0.3%). Over the last one year it has moved up from 1,610.8 to 2,025.1, a gain of 414 points (up 25.7%).

Overall, the S&P BSE SENSEX is up 14.5% over the year.

Current Valuations

At the current price of Rs 80.8, the price to earnings (P/E) ratio of IRB INFRA. stands at 3.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.4 times.