IRB Infrastructure Q3 Review - Sharp Uptick In Toll Revenue: Prabhudas Lilladher
A bull walks along an empty road as residential buildings stand under construction in Noida. (Photographer: Prashanth Vishwanathan/Bloomberg)

IRB Infrastructure Q3 Review - Sharp Uptick In Toll Revenue: Prabhudas Lilladher

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Prabhudas Lilladher Report

For IRB Infrastructure Developers Ltd., toll revenue witnessed a healthy 32% QoQ growth (across 13 projects) driven by sharp surge in passenger and commercial traffic.

Construction revenue rose 41% sequentially to Rs 11 billion, due to revival in execution momentum with labour force back to pre-Covid levels.

Company targets Rs 60-80 billion order inflows in Q4 FY21E on the back of strong NHAI bid pipeline.

Order book stands at Rs 113.1 billion (2.9x TTM revenues).

Click on the attachment to read the full report:

Prabhudas Lilladher IRB Infrastructure Developers Q3 FY21 Result Update.pdf

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