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

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 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

DISCLAIMER

This 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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.