IL&FS Transportation Networks Post 42 Per Cent (YoY) rise in Net Profits For December 2011 Quarter
DSIJ Intelligence / 07 Feb 2012
Road Infrastructure major IL&FS Transportation Networks (ITNL) has posted a 42 per cent (yoy) rise in its net profits to Rs 87.8 crore for the December quarter of the year 2011 as compared to Rs 61.63 crore in the previous year same period.
Its total income has gone up by 73 per cent to Rs 1268.43 crore on a yoy basis. EBIDTA margins have contracted by 482 bps to 27.63 per cent on the back of 150 per cent rise in construction costs. Interest costs have gone up 61 per cent to Rs 185.46 crore as against Rs 115.29 crore. Consequently the PAT margins have also fallen by 150 bps to 6.9 per cent.
ITNL is India’s largest road infrastructure company in terms of lane km (7150 lane km) costing Rs 13371 crore. It is a pioneer in road Build Operate Transfer (BOT) space with a project portfolio of 24 projects panning across the entire length and breath of the country. Around 54% of its projects are currently operational and the remaining is at various stages of construction and development which will be ready in 3-4 years. Apart from this the company also has a minor presence in other non-road infra related activities like metro rail and bus system etc.
| Financial Performance (Cons) (Rs. Cr) | |||||
|---|---|---|---|---|---|
| Particulars | Dec-11 | Sep-11 | Dec-10 | YoY | QoQ |
| Sales | 1268.43 | 1255.53 | 733.65 | 72.89 | 1.03 |
| Other Income | 29.74 | 26.21 | 17.36 | 71.31 | 13.47 |
| EBIDTA | 350.44 | 382.88 | 238.08 | 47.19 | -8.47 |
| Depreciation | 16.92 | 16.02 | 15.81 | 7.02 | 5.62 |
| Interest | 185.46 | 169.36 | 115.29 | 60.86 | 9.51 |
| Tax | 46.85 | 65.15 | 44.77 | 4.65 | -28.09 |
| PAT | 87.80 | 116.22 | 61.63 | 42.46 | -24.45 |
| Equity Capital | 19.43 | 19.43 | 19.43 | ||
| EPS (Rs.) | 4.52 | 5.98 | 3.17 | 42.46 | -24.45 |
| EBIDTA Margin | 27.63 | 30.50 | 32.45 | -4.82 | -2.87 |
| PAT Margin | 6.92 | 9.26 | 8.40 | -1.48 | -2.33 |
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