IRB Infrastructure Developers' earnings are in focus. The topline missed estimates due to low traffic growth and flat construction revenues; other income boosted the bottomline.
In an interview to CNBC-TV18, Anil Yadav, Group CFO of IRB Infra discussed the company's Q2 performance.
Yadav said toll revenue grew by 23 percent year-on-year (YoY) due to price hike in Mumbai-Pune expressway.
He further said that we are seeing 10-12 percent traffic growth in September and October. However, we may not be able to sustain 10 percent traffic growth in the second half.
Talking about construction business, he said the revenue was low due to monsoon.
Yadav added that the current order book is at Rs 7,500 crore and we expect Rs 5,000-6,000 crore worth of order inflow in FY18.
He also mentioned we have started tolling Rajasthan project in Q3.
We have Rs 3,000 crore cash on books currently, he further mentioned.
Watch accompanying video for more details.
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