*IRB Infrastructure Developers Ltd.* | *CMP* Rs. 70 | *M Cap* Rs. 2451 Cr | *52 W H/L* 139/46
(Nirmal Bang Retail Research)
*Result is broadly in-line with expectations*
Revenue from Operations came at Rs. 1584.5 Cr (-9.1% QoQ, -18.7% YoY) vs expectation of Rs. 1646.4 Cr, QoQ Rs. 1742.6 Cr, YoY Rs. 1948.3 Cr
EBIDTA came at Rs. 654.9 Cr (-8.2% QoQ, -13.8% YoY) vs expectation of Rs. 631.9 Cr, QoQ Rs. 713.7 Cr, YoY Rs. 760.1 Cr
EBITDA Margin came at 41.3% vs expectation of 38.4%, QoQ 41%, YoY 39%
Adj. PAT came at Rs. 96.9 Cr vs expectation of Rs. 114 Cr, QoQ Rs. 159.7 Cr, YoY Rs. 208 Cr
Quarter EPS is Rs. 2.8
Share is trading at P/E of 9.3x FY21E EPS