IRB Infrastructure reports mixed Q4FY18 results

IRB Infrastructure Developers, India’s leading and one of the largest highway infrastructure developers, on Thursday announced its audited financial results for the Q4 and FY18.

The company’s consolidated revenue for the quarter came in at Rs. 1,382.24 crore, registering 15 per cent yoy decline.

EBITDA for the quarter fell by 19.8 per cent yoy to Rs. 658.83 crore with a corresponding margin contraction of 284 bps. EBITDA margin for the quarter stood at 47.7 per cent.

The PAT for the quarter came in at Rs. 239.78 crore, yoy increase of 15.7 per cent.

Looking at the full year numbers, we see that revenue slid by 3 per cent to reach Rs. 5,694 crore while EBITDA fell by 12 per cent to Rs. 2,679 crore. The company reported net profit of Rs.919.7 crore, up 29 per cent yoy.

During FY18, the company bagged four projects totalling up to Rs. 8,930 crore comprising three Hybrid Annuity Projects and one in BOT space. The company’s construction order book as on date stood at more than Rs. 15,000 crore.

On Thursday, the stock opened at Rs. 268 per share and touched an intra-day high and low of Rs. 271.85 and Rs. 254.80, respectively, on the BSE.