IRB Infra Q3 Results Review - Inline; Execution Poised To Accelerate With A Robust Order Book: Motilal Oswal

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.IRB Infrastructure Developers Ltd.'s revenue grew 30% YoY to Rs 19.7 billion in Q3 FY24 (8% above our estimate). Ebitda margin came in at 44.2% (down 500 basis points YoY, below our estimate of 45.8% margin). Ebitda grew 17% YoY to Rs 8.7 billion, in line with estimates. Higher interest cost was offset by lower tax outgo, which led to adjusted profit after tax growth of 33% YoY to Rs 1.9 billion, in line.Construction revenues stood at Rs 13.5 billion, up 38% YoY during the quarter, while BOT revenue stood at Rs 6.15 billion (plus 16% YoY).The order book stood at ~Rs 362 billion (excluding GST) at Q3 end. The operation and maintenance order book stood at Rs 293 billion and the construction order book stood at Rs 69 billion.In Q3 FY24, IRB Infrastructure private InvIT was awarded TOT-12 and TOT-13 projects in Madhya Pradesh and Rajasthan. With these order wins, IRB Infrastructure market share in the TOT space rose to 38%, the highest among any private player in the sector.Further, IRB Infrastructure witnessed 25% YoY growth in toll collection, driven by higher traffic and increased tariff..Click on the attachment to read the full report:.Adani Ports Shares At Record High After Q3 Profit Jumps 65%.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

IRB Infra Q3 Results Review - Inline; Execution Poised To Accelerate With A Robust Order Book: Motilal Oswal

Robust order book despite subdued awarding activity by NHAI.

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IRB Infra Q3 Results Review - Inline; Execution Poised To Accelerate With A Robust Order Book: Motilal Oswal

Robust order book despite subdued awarding activity by NHAI.

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