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Recovery in toll collections, order flows driving IRB Infra's prospects

Construction segment too may pick up in second half, but high debt still a concern

The authority had estimated around Rs 4,995 crore from monetisation of this tranche of 566 km of highways under the TOT model, sources said. The first bundle of the monetisation programme gave NHAI Rs 9,682 crore

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The high debt on IRB's books though remains a concern.

3 min read Last Updated : Nov 17 2020 | 11:30 PM IST

Infrastructure developers continue to see improving prospects led by rising toll collections, pick-up in execution and good order flows. India's largest road toll operator, IRB Infrastructure Developers' performance for the quarter ending September (Q2), too, saw benefits from sharp increase in toll collections that touched pre-Covid level across portfolio by September end.

However, while toll collection was strong, overall performance was a mixed bag with monsoon season leading to soft EPC (construction segment) revenues. Construction revenues at Rs 732 crore were flat sequentially. Toll revenues, however, were up 34 per cent sequentially to Rs 391 crore, and beat expectations. Kotak

Topics : toll collection IRB Infrastructure Developers Q2 results Road developers InvITs Mumbai-Pune expressway

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