Road developer, IRB Infra expects a 10-12 percent growth in the build–operate–transfer (BOT) business, says its Group CFO, Anil Yadav. The company operates in the construction and BOT segments and their margins are in the range of 52-54 percent, he says.
Speaking to CNBC-TV18, Yadav says the company has seen a good traction in terms of execution of construction order book and has seen a growth in toll revenue. With the change in revenue mix, the margins have improved. He also adds that the company is going to be compensated by the concerned authorities for the loss suffered due to demonetisation.
IRB Infra reported a strong set of earnings with consolidated net profit growing 9.7 percent to Rs 184.2 crore for the quarter ended December 2016. The numbers has beaten street estimates.Watch video for more..
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