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BOT projects have stable financial model: IRB Infra
In an interview with CNBC-TV18, VD Mhaiskar, Chairman and Managing Director, IRB Infrastructure Developers, speaks about the results and his outlook for the company.
IRB Infrastructure Developers has declared its third quarter results. The company's Q3 net profit was up at Rs 91.4 crore versus Rs 38.2 crore. Its net sales were up at Rs 433 crore versus Rs 239.1 crore.
In an interview with CNBC-TV18, VD Mhaiskar, Chairman and Managing Director, IRB Infrastructure Developers, speaks about the results and his outlook for the company.
Here is a verbatim transcript of the exclusive interview with VD Mhaiskar on CNBC-TV18. Also watch the accompanying video.
Q: Could you take us through the numbers, it's a fairly sizeable jump in revenues and net profits, is it a maintainable run rate, will you be able to make Rs 80-90 crore in the coming quarters as well?
A: As far as the BOT (Build, Operate and Transfer) projects are concerned, we have a very stable financial model and with more projects becoming operational, we have registered a growth of almost 78% on the topline where the total income has jumped from Rs 248 crore to Rs 441 crore. The profit after tax has gone to Rs 95 crore this quarter.
Even on a quarter on quarter basis, we have shown significant improvement with Bharuch-Surat project becoming operational. On the toll revenue side, we are seeing good growth happening on most of the projects.
Q: Wanted three key figures, the lanes that are under development currently, the lanes operational under BOT basis and what is the gross revenue in terms of lanes per km, which you are currently making?
A: We have around 5,100 lane kilometers (km) in our portfolio and out of that 5,100 lane km around 3,000 lane km are already operational.
