Q1FY21 results: IRB Infrastructure Developers records net loss of Rs 30.14 crore
IRB Infrastructure Developers Limited, the largest private roads and highways infrastructure developer in India, announced its quarterly results on August 24, 2020.The company posted a consolidated net loss of Rs 30.14 crore for Q1FY21, which declined by 114.59 per cent YoY, as compared to Q1FY20 when it reported consolidated net profit of Rs 206.62 crore.
The consolidated net sales reported in Q1FY21 came in at Rs 1,022.30 crore, which declined by 42.34 per cent YoY from Rs 1,773.04 crore in Q1FY20. At EBITDA level, the company stood at Rs 477.59 crore in Q1FY21 that decreased by 44.17 per cent YoY. For Q1FY20, it posted an EBITDA of Rs 855.41 crore.
EBITDA margin as of Q1FY21 was at 46.72 per cent that declined by 1.53 per cent YoY. The net profit margin in Q1FY21 came in at -2.95 per cent, which declined by 14.60 per cent YoY. The net profit margin in Q1FY20 was at 11.65 per cent.
Company’s toll collections were temporarily affected due persisting lockdowns during the quarter. With gradual relaxation on the lockdown, the normalcy is expected soon as collections for June 2020 surpassed 75 per cent levels on YoY basis.
On Tuesday, despite booking a loss in Q1FY21, the share is trading with gains of 2.21 per cent higher at Rs127.4 in the early trading session on BSE.
|
Particulars
|
Q1FY21
(Rs in cr)
|
Q1FY20
(Rs in cr)
|
per cent
change
|
|
Net Profit/(Loss)
|
(30.14)
|
206.62
|
-114.59
|
|
Net Revenue
|
1,022.30
|
1,773.04
|
-42.34
|
|
Operating Profit
|
477.59
|
855.41
|
-44.17
|
|
EBITDAM%
|
46.72
|
48.25
|
-1.53
|
|
PATM%
|
-2.95
|
11.65
|
-14.60
|