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Login Open ICICI 3-in-1 Account

Entry Price

96.00

Target

100.00

Recommend Date

13-08-2020

Return

4.17 %
BUY

Date : 13-08-2020

IRB Infrastructure’s (IRB) topline grew 15.3% YoY to | 1,773.0 crore on account of 15.0% YoY growth in construction revenues to | 1,167.2 crore. EBITDA margin declined 30 bps YoY to 48.2% but was better than our estimate of 41.5% mainly due to higher contribution from toll division. PAT declined 17.4% YoY to | 206.6 crore on account of higher finance cost and higher tax rate.