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Prabhudas Lilladher Report
IRB Infrastructure Developers Ltd. reported decent quarterly performance in line with our estimates led by healthy toll collection which saw a sharp recovery reaching pre-Covid-19 levels across portfolio.
During Q2, build, operate and transfer revenues came in at Rs 3.9 billion.
The company expects to receive provisional commercial operation date for Agra Etwah BOT project in Q3, post which tariff revision to be in the range of 60-70%.
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