IRB Infra Q1 Review - Construction Drives Growth: Prabhudas Lilladher

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Prabhudas Lilladher Report.IRB Infra Developers Ltd.’s Q1 FY22 results were ahead of estimate led by strong growth in construction revenues, as execution pace rises. In Q1, toll revenues in 11 projects (across IRB Infra and private infrastructure investment trust) saw 26% sequential dip in revenue, owing to second wave of Covid-19 and partial lockdown across states. With gradual lifting of state lockdowns and provisional commercial operations date expected for four projects in FY22, toll revenues are expected rebound soon and remain robust in FY22. On the back of strong engineering, procurement and construction of Rs 66 billion, execution to start on newly awarded projects and with robust bid pipeline from National Highways Authority of India/state agencies, construction revenues too are expected to witness strong growth in FY22.. Click on the attachment to read the full report: .DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

IRB Infra Q1 Review - Construction Drives Growth: Prabhudas Lilladher

IRB Infra Q1 Review - Construction Drives Growth: Prabhudas Lilladher

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