IRB Infra Q4 Review - Construction Segment To Drive Revenue Growth: Prabhudas Lilladher

A construction crane is silhouetted above a high-rise condominium building.  (Photographer: Luke Sharrett/Bloomberg).

IRB Infra Q4 Review - Construction Segment To Drive Revenue Growth: Prabhudas Lilladher

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Prabhudas Lilladher Report

IRB Infrastructure Developers Ltd.’s Q4 FY21 results were a mixed bag with revenues missing estimates due to lower construction revenues, while margins surprised positively.

In Q4, toll revenues in 11 projects (across the company and private infrastructure investment trusts) saw 4.5% sequential revenue growth.

However, due to the second wave of Covid-19, toll collection dipped by 20-25% in April-May 2021.

With gradual lifting of state lockdowns and provisional commercial operation date expected for four projects in FY22, toll revenues are expected rebound soon and remain robust in FY22.

Click on the attachment to read the full report:

Prabhudas Lilladher IRB Infra Q4FY21 Result Update.pdf


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