41.4700 0.28 (0.68%)
NSE Oct 01, 2025 15:31 PM
Volume: 3.7M
 

41.47
0.68%
HDFC Securities
Maintain BUY with SOTP of Rs 270/sh. IRBs 2QFY18 revenue, EBIDTA and PAT were (15.7)/ (7.5)/9.1% ahead/ (below) our estimates. BOT revenue (ex-6 BOTs, which were transferred to IRB InvIT) de-grew 33.8% YoY. EBITDA margins contracted ~395bps YoY, owing to higher EPC revenue share (70% rev share vs 57% YoY). The EPC segment has lower EBIDTA margins vs BOT.
Promoters unpledged 55.21% of shares in last quarter. Total pledge stands at 0.24% of promoter holdings
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