IL&FS Transportation gains after posting turnaround in Q1

IL&FS Transportation Networks rose 3.02% to Rs 90.30 at 11:45 IST on BSE after the company reported net profit of Rs 17.87 crore in Q1 June 2016 as compared to net loss of Rs 18.64 crore in Q1 June 2015.

The result was announced yesterday, 13 September 2016, when the stock markets were closed on account of Bakri Id.

Meanwhile, the BSE Sensex was down 54.83 points, or 0.19%, to 28,298.71.

More than usual volumes were traded on the counter. On BSE, so far 3.33 lakh shares were traded in the counter, compared with an average volume of 1.64 lakh shares in the past one quarter. The stock hit a high of Rs 91.40 and a low of Rs 88.65 so far during the day. The stock hit a 52-week high of Rs 101.64 on 5 October 2015. The stock hit a record low of Rs 64 on 26 February 2016. The stock had outperformed the market over the past one month till 12 September 2016, surging 25.3% compared with 0.71% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 17.81% as against Sensex's 6.45% rise.

The mid-cap company has equity capital of Rs 328.96 crore. Face value per share is Rs 10.

IL&FS Transportation Networks' total income rose 16.41% to Rs 1281.56 crore in Q1 June 2016 over Q1 June 2015. Earnings before interest, tax, depreciation and amortization (EBITDA) margin rose to 29% in Q1 June 2016 from 23% in Q1 June 2015. EBITDA rose 48.41% to Rs 374 crore in Q1 June 2016 over Q1 June 2015. The company has total order book of Rs 14625 crore. The company's construction order book stands at Rs 13758 crore to be executed over the next 5 years which includes non-road projects.

IL&FS Transportation Networks has grown into the largest BOT (build, operate and transfer) road assets owner in India.

Powered by Capital Market - Live News