Buy IRB Infrastructure Developers target of Rs 105: Sharekhan

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

Sharekhan's research report on IRB Infrastructure Developers

During Q2, IRB posted consolidated net earnings growth led by 43% y-o-y rise in construction revenue and lower ETR. BOT toll revenue affected by handover of key project and muted traffic growth across most projects. Strong order backlog of Rs. 11,381 crore, which is 2.5x its TTM EPC income and expected order inflows by FY2019 end give management confidence of maintaining EPC revenue growth momentum during FY2020-FY2021. Ahmedabad Vadodara project received award from the High Court for continuation of relief from payment of Premium to NHAI till the outcome of Section 17 proceedings under arbitration.

Outlook

We maintain Buy on IRB Infrastructure with a revised PT of Rs. 105 on account of comfort on valuation post building lower BOT valuation versus GIC deal.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Read More