IRB Infra reports 20 per cent YoY revenue growth for Q2FY19

IRB Infrastructure Developers Limited Ltd. reported its results for the quarter ended September 30, 2018. 
  
IRB Infrastructure Developers Limited consolidated revenue for the quarter came in at Rs. 1485.43 crore, registering an increase of 19.6% YoY.  Its  EBITDA for the quarter rose by 16% yoy to Rs. 723.28 crore with a corresponding margin contraction of 154 bps. The EBITDA margin for the quarter stood at 48.7%.
  
The PAT for the quarter came in at Rs. 172.94 crore  as compared to Rs. 234.73 crore during same period last year ,  showing  a decline of 26.3% YoY.  It is to be noted that last year's number had Rs. 103.64 crore as one-time profit from sale transaction of  IRB Pathankot Amritsar Toll Road Limited  and  IRB InvIT Fund . 
  

The stock on October 31, 2018, opened at Rs. 126.50 showing uptick of 0.50 per cent from its last close on the BSE. While the index at 9.30 am traded at 33960, higher by 69 points.