Maintain BUY with SOTP of Rs 274/sh. IRBs 3QFY18 Revenue, EBIDTA and PAT were 1.9/5.4/21.7% ahead of our estimates. BOT revenue (ex 7 BOTs which got transferred to IRB InvIT) grew 18.8% YoY after adjusting for demonit toll stoppage of 23 days and excluding new projects post 3QFY17.