IRB Infrastructure Developers
Limited
NSE Symbol IRB
IRB
INFRA DEVELOPERS LTD reported flat performance in q3 FY 2012 ending Dec,2011.
Net
Sales stands at Rs.745.48 Cr – up by 1.30% from Q2 FY 12; down by -6.97%
fromQ1 FY 12; and Up by 11.46% from Q3
FY 11.
Total
Expenditure stands at Rs.476.16 Cr – down by -0.23% from Q2 FY 12; down by -10.52%
from Q1 FY 12; and up by 9.77% from Q3 FY 11.
Profit
from Operations stands at Rs.269.32 Cr –
up by 4.13% from Q2 FY 12; Up by 0.04% from Q1 FY 12; and up by 14.59% from Q3
FY 11.
Profit
before tax stands at Rs.161.11 Cr – up by
9.19% from Q2 FY 12; down by -10.50% from Q2 FY 12 and down by -2.22%
from Q3 FY 11.
Tax
Expense stands at Rs.29.07 cr – down by -20.76% from Q2 FY 12; down by -34.32%
from Q1 FY 12;and up by 0.92% from Q3 FY 11.
Consolidated
NPT stands at Rs.131.39 cr – up by 19.38% from Q2 FY 12; down by -2.08% from Q3
FY 11; and down by -1.21% from Q3 FY 11.
Basic
EPS stands at Rs.3.95 in Q3 FY 12; Rs.3.31 in Q2 FY 12; Rs.4.04 in Q1 FY 12;
and Rs.4 in Q3 FY 11.
The
annual EPS may amount to Rs.15.35.
Current
Market Price is Rs.168.70, while the 52 week high price is
Rs.230.20 and the 52 week low price is Rs.122.
The PE Ratio is
Rs.10.99.
ANNOUNCEMENTS BY COMPANY
25-01-2012
Board of Directors of the Company
at its meeting held on January 25, 2012, inter alia, has declared interim
Dividend of Rs. 1.80 per equity share of face value of Rs. 10/- each, for the
year 2011-2012.
25-01-2012
the standalone Results for the
quarter ended on 31-DEC-2011 as follows: Net Sales of Rs. 45960.03 lacs for
quarter ending on 31-DEC-2011 against Rs. 13292.14 lacs for the quarter ending
on 30-SEP-2011. Net Profit / (Loss) of Rs. 3569.9 lacs for the quarter ending
on 31-DEC-2011 against Rs. 1064.91 lacs for the quarter ending on 30-SEP-2011.
25-01-2012
IRB Infrastructure Developers
Limited has informed the Exchange regarding the consolidated Results for the
quarter ended on 31-DEC-2011 as follows: Net Sales of Rs. 74547.69 lacs for
quarter ending on 31-DEC-2011 against Rs. 73588.3 lacs for the quarter ending
on 30-SEP-2011. Net Profit / (Loss) of Rs. 13139.48 lacs for the quarter ending
on 31-DEC-2011 against Rs. 11006.01 lacs for the quarter ending on 30-SEP-2011.
26-12-2011
the National Highways Authority of
India ("NHAI") had issued Letter of Award ("LOA") on
January 05, 2010 to the Company for the Project of Four Laning of Goa/
Karnataka Border to Panaji - Goa stretch of NH-4A from Km 84.000 to Km 153.070
in the State of Goa on BOT Toll Basis on DBFO pattern (the
"Project"). The Company had subsequently incorporated Special Purpose
Vehicle (SPV) i.e. IRB Goa Tollway Pvt. Ltd. - wholly-owned Subsidiaries of the
Company for implementation of this Project. IRB Goa Tollway Pvt. Ltd. had
executed Concession agreement with the NHAI in February 2010 and subsequently
the Project had also achieved financial closure in March 2010. Construction
period of the Project was 30 months. However, NHAI could not provide necessary
Land for implementation of the Project. Considering substantial delay in
providing the Land, the Company had removed the Project from its Consolidated
Order Book as on September 30, 2011 as a measure of Good Corporate Governance
and accordingly modified Order book was represented in the presentation
uploaded on the Company's website. Now, the Company have received a formal
letter from NHAI informing the Company, termination of this concession
agreement of the Project due to their inability to provide necessary Land for
implementation of the Project. In this regard, IRB Goa Tollway Pvt. Ltd. will
claim compensation as per Termination payment provisions of the Concession
Agreement.
27-07-2011
The Income Tax Authorities had
carried out routine survey/ search operations on the Company at its Corporate
Office and sites on July 21st & 22nd, 2011. The Company has cooperated with
the authorities and various statements were recorded by the authorities during
the course of operations. There are no material implications on the Company
& its operations as a result of this action.
25-07-2011
"Our wholly-owned subsidiary
company viz. IRB Ahmedabad Vadodara Super Express Tollway Pvt. Ltd.
("SPV") has executed concession agreement with NHAI for the project
of Six laning of Ahmedabad to Vadodara section of NH-8 from km. 6.400 to km.
108.700 (Length 102.300 km) and improvement of existing Ahmadabad Vadodara
Expressway from km. 0.000 to km 93.302 in the State of Gujarat (Length 93.302
km.) under Phase V on Design Build Finance Operate Transfer (DBFOT) ToIl basis
("the Project"). The Project is to be executed on DBFOT pattern with
a concession period of 25 years. Scope of work involves upgradation of existing
section of NH8 between Ahmedabad and Vadodara from existing 2 lane highway to a
6 lane super expressway and value addition to the existing Ahmedabad Vadodara
Expressway. Estimated construction cost is approx. Rs. 3600 crores and the
construction is to be completed within 3 years from the appointed date. The SPV
will get tolling rights on Ahmedabad Vadodara expressway from the appointed
date, and on NH8 post- completion of construction. The Premium offered to NHAI
in year one is Rs. 309.60 crores which will increase by 5% YoY. The capitalized
cost of the project is approx. Rs. 4920 crore.
20-07-2011
Board of Director of the Company has
approved the following (1) Ordinary Resolution being circulated for approval of
the Members of the Company to be accorded by Postal Ballot in accordance with
the provisions of Section 192A of the Companies Act, 1956 read with the
Companies (Passing of the Resolution by Postal Ballot), Rules, 2011 for
creation of further mortgage and/or charge and hypothecation to provide
security under Section 293(1)(a) of the Companies Act, 1956. (2) Enabling
resolution for raising of funds by further issue of securities in Domestic/
International markets through various instruments including equity shares/
warrants with Non-Convertible Debentures under Qualified Institutions Placement
(QIP) Pursuant to the provisions of Chapter VIII of the Securities and Exchange
Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009
as in force or Foreign Currency Convertible Bonds (FCCBs) or American
Depository Receipts (ADRs) or Global Depository Receipts (GDRs) etc. upto an
amount not exceeding Rs.1,200 crores subject to compliance with related
provisions of law and other permissions, sanctions, approvals as may be
required.
20-05-2011
standalone Results for the year
ended on 31-MAR-2011 as follows: Net Sales of Rs. 26759.02 lacs for year ending
on 31-MAR-2011 against Rs. 9.9 lacs for the year ending on 31-MAR-2010. Net
Profit / (Loss) of Rs. 9016.04 lacs for the year ending on 31-MAR-2011 against
Rs. 5584.16 lacs for the year ending on 31-MAR-2010.
20-05-2011
consolidated Results for the year
ended on 31-MAR-2011 as follows: Net Sales of Rs. 243811.2 lacs for year ending
on 31-MAR-2011 against Rs. 170485.26 lacs for the year ending on 31-MAR-2010.
Net Profit / (Loss) of Rs. 45238.21 lacs for the year ending on 31-MAR-2011
against Rs. 38540.56 lacs for the year ending on 31-MAR-2010.
05-05-2011
"Ahmedabad Vadodara BOT
Project".
18-04-2011
Irb Infrastructure Developers
Limited emerged as the preferred bidder for the project of Six laning of
Ahmedabad to Vadodra section of NH-8 from km. 6.400 to km.108.700 (Length
102.300 km) and improvement of existing Ahmedabad Vadodra Expressway from
km.0.000 to km 93.302 in the State of Gujarat (Length 93.302 km) under Phase V on
Design Build Finance Operate Transfer (DBFOT) Toll basis ("the
project").
RESULTS TABLE
|
Q3 FY2012
|
%DIF1
|
 |
%DIF2
|
%DIF3
|
||||
|
Net Sales
|
74547.69
|
73,588.30
|
1.30
|
80,133.30
|
-6.97
|
66,880.55
|
11.46
|
|
|
Raw Materials
|
-
|
11,793.63
|
-
|
-
|
||||
|
Employees Cost
|
3621.89
|
3,132.75
|
15.61
|
2,809.44
|
28.92
|
2,296.36
|
57.72
|
|
|
Depreciation
|
7237.15
|
6,285.20
|
15.15
|
6,022.71
|
20.16
|
5,853.59
|
23.64
|
|
|
Other Expenditure
|
36757.02
|
26,513.33
|
38.64
|
44,379.36
|
-17.18
|
35,227.73
|
4.34
|
|
|
Total Expenditure
|
47616.06
|
47,724.91
|
-0.23
|
53,211.51
|
-10.52
|
43,377.68
|
9.77
|
|
|
Profit from Operations
|
26931.63
|
25,863.39
|
4.13
|
26,921.79
|
0.04
|
23,502.87
|
14.59
|
|
|
Other Income
|
3375.53
|
3,006.84
|
12.26
|
2,821.63
|
19.63
|
1,171.35
|
188.17
|
|
|
Interest
|
14196.2
|
14,114.67
|
0.58
|
11,743.15
|
20.89
|
8,197.08
|
73.19
|
|
|
Profit before tax
|
16110.96
|
14,755.56
|
9.19
|
18,000.27
|
-10.50
|
16,477.14
|
-2.22
|
|
|
Tax Expense
|
2907.02
|
3,668.68
|
-20.76
|
4,425.78
|
-34.32
|
2,880.43
|
0.92
|
|
|
Net Profit
|
13203.94
|
11,086.88
|
19.10
|
13,574.49
|
-2.73
|
13,596.71
|
-2.89
|
|
|
Consolidated NPT
|
13139.48
|
11,006.01
|
19.38
|
13,418.84
|
-2.08
|
13,300.71
|
-1.21
|
|
|
Face Value (in Rs.)
|
10
|
10
|
0.00
|
10
|
0.00
|
10
|
0
|
|
|
Paid-up Equity
|
33236.41
|
33,263.41
|
-0.08
|
33,236.41
|
0.00
|
33,236.41
|
0
|
|
|
Basic EPS
|
3.95
|
3.31
|
19.34
|
4.04
|
-2.23
|
4
|
-1.25
|
|
|
Public holding (%)
|
32.45
|
25.14
|
29.08
|
25.2
|
28.77
|
25.05
|
29.54
|
* *
* E N D *
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