virendra mhaiskar irb infrastructure news

IRB Infrastructure Developers‘ Q4 earnings came in better than street estimates.

In an interview to CNBC-TV18, Anil Yadav, Group CFO of IRB Infrastructure Developers spoke about the results and his outlook for the company.

Construction margins are in line with last year but because of lower operational cost build, operate and transfer (BOT) margins are higher which resulted in increased EBITDA margin, he said.

According to him, three Rajasthan projects will start generating revenue in first half of FY18.

Finance cost will reduce by 10-12 percent going ahead, said Yadav.