IRB Infrastructure Developers Ltd Q3FY21 consolidated PAT at Rs. 69.48 crore

IRB INFRASTRUCTURE DEVELOPERS LTD. has reported financial results for the period ended December 31, 2020.

Financial Results (Q3 FY20-21) - QoQ Comparison

The company has reported total income of Rs.1594.80 crores during the period ended December 31, 2020 as compared to Rs.1168.84 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.69.48 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.(19.66) crores for the period ended September 30, 2020.

The company has reported EPS of Rs.1.98 for the period ended December 31, 2020 as compared to Rs.(0.56) for the period ended September 30, 2020.

Financials	Q3 FY20-21	Q2 FY20-21	% Change
Total Income	₹ 1594.80 crs	₹ 1168.84 crs	36.44%
Net Profit	₹ 69.48 crs	₹ (19.66) crs	453.41%
EPS	₹ 1.98	₹ (0.56)	453.57%

Financial Results (Q3 FY20-21) - YoY Comparison

The company has reported total income of Rs.1594.80 crores during the period ended December 31, 2020 as compared to Rs.1790.17 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.69.48 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.159.73 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.1.98 for the period ended December 31, 2020 as compared to Rs.4.55 for the period ended December 31, 2019.

Financials	Q3 FY20-21	Q3 FY19-20	% Change
Total Income	₹ 1594.80 crs	₹ 1790.17 crs	-10.91%
Net Profit	₹ 69.48 crs	₹ 159.73 crs	-56.5%
EPS	₹ 1.98	₹ 4.55	-56.48%

Financial Results (9 Months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.3837.12 crores during the 9 months period ended December 31, 2020 as compared to Rs.5412.37 crores during the 9 months period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.19.68 crores for the 9 months period ended December 31, 2020 as against net profit / (loss) of Rs.566.53 crores for the 9 months period ended December 31, 2019.

The company has reported EPS of Rs.0.55 for the 9 months period ended December 31, 2020 as compared to Rs.16.12 for the 9 months period ended December 31, 2019.

Financials	9 Months ended FY20-21	9 Months ended FY19-20	% Change
Total Income	₹ 3837.12 crs	₹ 5412.37 crs	-29.1%
Net Profit	₹ 19.68 crs	₹ 566.53 crs	-96.53%
EPS	₹ 0.55	₹16.12	-96.59%

While commenting on the occasion, Mr. Virendra D. Mhaiskar, Chairman & Managing Director of the Company said, "The impressive growth momentum witnessed in toll collections was ahead of our expectations for Q3FY21 and reflects the resilience as well as sustainable growth opportunity lying latent in India. It is most pleasing to see this trend continue further for ensuing quarter as well." He further added, "Our construction segment has also seen a robust recovery and continues to strengthen further. We look forward to promising times ahead especially with the meaningful opportunities lined up in the sector."

Shares of IRB INFRASTRUCTURE DEVELOPERS LTD. was last trading in BSE at Rs.113.85 as compared to the previous close of Rs. 115.8. The total number of shares traded during the day was 22053 in over 344 trades.

The stock hit an intraday high of Rs. 117 and intraday low of 113.1. The net turnover during the day was Rs. 2539278.

Source : Equity Bulls

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