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IRB InvIT Fund (BOM:540526) EBIT : ₹5,954 Mil (TTM As of Jun. 2023)


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What is IRB InvIT Fund EBIT?

IRB InvIT Fund's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2023 was ₹1,673 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was ₹5,954 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. IRB InvIT Fund's annualized ROC % for the quarter that ended in Jun. 2023 was 5.35%. IRB InvIT Fund's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 65,213.41%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. IRB InvIT Fund's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 9.34%.


IRB InvIT Fund EBIT Historical Data

The historical data trend for IRB InvIT Fund's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

IRB InvIT Fund EBIT Chart

IRB InvIT Fund Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3,354.14 3,251.93 4,752.12 5,658.97 6,553.32

IRB InvIT Fund Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,102.16 1,599.89 1,578.34 1,673.21 -

Competitive Comparison of IRB InvIT Fund's EBIT

For the Infrastructure Operations subindustry, IRB InvIT Fund's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


IRB InvIT Fund's EV-to-EBIT Distribution in the Construction Industry

For the Construction industry and Industrials sector, IRB InvIT Fund's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where IRB InvIT Fund's EV-to-EBIT falls into.



IRB InvIT Fund EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹5,954 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


IRB InvIT Fund  (BOM:540526) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

IRB InvIT Fund's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

ROC % (Q: Jun. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2023 ) + Invested Capital (Q: Jun. 2023 ))/ count )
=6637.148 * ( 1 - 1.83% )/( (121771.756 + 0)/ 1 )
=6515.6881916/121771.756
=5.35 %

where

Invested Capital(Q: Mar. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=125190.212 - 1951.459 - ( 1909.798 - max(0, 5139.175 - 6606.172+1909.798))
=121771.756

Note: The Operating Income data used here is four times the quarterly (Jun. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

IRB InvIT Fund's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2023  Q: Jun. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=6692.852/( ( (10.263 + max(-2650.195, 0)) + (0 + max(0, 0)) )/ 1 )
=6692.852/( ( 10.263 + 0 )/ 1 )
=6692.852/10.263
=65,213.41 %

where Working Capital is:

Working Capital(Q: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(41.069 + 0 + 1361.211) - (1951.459 + 0 + 2101.016)
=-2650.195

Working Capital(Q: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

IRB InvIT Fund's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2023 )
=5953.604/63723.181
=9.34 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


IRB InvIT Fund EBIT Related Terms

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IRB InvIT Fund Business Description

Traded in Other Exchanges
Address
IRB Complex, Chandivali Farm, Chandivali Village, Andheri (East), Mumbai, MH, IND, 400072
IRB InvIT Fund is a company engaged in the ownership, operations, and maintaining a portfolio of toll-road assets. The company manages the toll-road assets in the Indian states of Maharashtra, Gujarat, Rajasthan, Karnataka, Tamil Nadu, and Punjab. Some of the projects of the company are Surat - Dahisar NH 8 Project, Tumkur to Chitradurga NH 4 Project, Bharuch - Surat NH 8 Project and many more.

IRB InvIT Fund Headlines

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