IRB Infrastructure's (IRB) topline grew 38.0% YoY to | 1788.5 crore (our estimate: | 1604.2 crore) on account of strong growth in construction and toll revenues. Construction revenues grew 54.9% YoY to | 1253.3 crore on account of strong execution. Toll revenues have grown 21.7% YoY to | 531.6 crore EBITDA margin declined sharply by 611 bps YoY to 42.5% (our estimate: 48.0% mainly due to lower margin in the construction division. The construction division margins (including other income)...