IRB Infrastructure Developers Ltd.'s profit and operating margin for the quarter ended March was hurt by interest charged against toll revenue of the company's four under-construction projects, according to its Chairman and Managing Director Virendra D. Mhaiskar.
Mhaiskar, however, expects margin to bounce back. “Revenue is expected to grow by 30 percent and Ebitda margin will improve by 20 percent in financial year 2019-20,” he told BloombergQuint.
Other Highlights
- Company has an order book of Rs 11,000 crore.
Q4 Earnings Highlights (YoY):
- Revenue jumps 40.9 percent to Rs 1,948.3 crore
- Net profit down 13.2 percent at Rs 208.01 crore
- Ebitda up 15.4 percent to Rs 760.1 crore
- Margin down to 39 percent, from 47.6 percent
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