Name: Latest research reports of IRB Infrastructure Developers Ltd. authored by Prabhudas Lilladhar and published by - Trendlyne research reports.
Item: IRB Infrastructure Developers Ltd.
Rating: 5
Author: Prabhudas Lilladhar

Q3FY21 Result Update - Sharp uptick in toll revenues - BUY

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Prabhudas Lilladhar

Company targets Rs60-80bn order inflows in 4QFY21E on the back of strong NHAI bid pipeline. Order book stands at Rs113.1bn (2.9x TTM revenues). IRB reported strong quarterly performance, in line with our estimates primarily driven by sharp uptick in toll revenues. In 3Q, toll revenues came in...