Maintain BUY with SOTP of Rs 328/sh. IRBs 1QFY19 Revenue, EBIDTA and PAT were 1.0/6.0/11.2% ahead of our estimates at Rs 15.4/7.5/2.5bn. BOT revenue (adjusting for claim of Rs 96.0mn) grew 6.3% QoQ despite an early onset of monsoons impacting the traffic across projects.