IRB Infra Q4 Review - Execution Set To Improve: Motilal Oswal

BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.IRB Infrastructure Developers Ltd. reported 11% YoY revenue decline to Rs 14.3 billion (10% below our estimate) due to weak execution. IRB Infra's construction segment reported revenue/Ebitda decline of 17%/40% YoY, respectively. The outstanding engineering, procurement and construction order book (including operations and maintenance) stood at Rs 161 billion. The Ebitda margin contracted 258 bps YoY to 44.8% due to the significant decline in margins seen in the construction segment. Ebitda decreased 16% YoY to Rs 6.4 billion (versus our estimate of Rs 7.4 billion). With Covid-related restrictions easing, toll collections are returning to normal levels. Toll collections have improved 6% YoY to Rs 53 million per day in Q4 FY22 versus Rs 50 million per day in Q4 FY21..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime 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 BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

IRB Infra Q4 Review - Execution Set To Improve: Motilal Oswal

IRB Infra Q4 Review - Execution Set To Improve: Motilal Oswal

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