IRB Infra Q4 Review - New Order Wins Ease Pressure On The Depleting Order Book: Motilal Oswal
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Motilal Oswal Report
IRB Infrastructure Developers Ltd.’s consolidated financials are not comparable YoY due to the monetization of nine assets through the infrastructure investment trust route and consolidation of the Mumbai-Pune Phase II project.
The construction business reported a revenue/Ebitda/adjusted profit after tax decline of 7%/6%/36% YoY.
While toll collections have grown month-on-month from December 2020 onwards until the end of March 2021, the ongoing disruption caused by the second Covid-19 wave has led to 20-25% lower collections sequentially in April-May 2021.
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