• Revenue of Rs 1627.12 crore is net of NHAI revenue share of Rs 91.61 crore compared to RS 73.74 crore in corresponding previous period.

• Upside in revenue can be attributed to higher construction revenue. The segment revenue of construction business was up by 9% to Rs 1037.30 crore (or 64% of total sales). However the segment revenue of BOT projects was up by marginal 1% to Rs 588.95 crore (or 36% of total sales). The segment revenue of unallocated corporate was down by 39% to Rs 0.88 crore.

• The EBIT was up by 15% to Rs 595.56 crore with upside coming largely from construction business. Higher sales together with 530 bps expansion in segment margin to 28.6%, the EBIT of construction business was up by strong 34% to Rs 297.16 crore. The segment profit of BOT was up by 2% to Rs 299.80 crore benefiting out of margin increase in sales as well as 40 bps expansion in segment margin to 50.9%. The unallocated corporate registered a segment loss of Rs 1.40 crore compared to a loss of Rs 0.67 crore in the corresponding previous period.  

Yearly performance

Sales were higher by 14% to Rs 5845.94 crore but with 20 bps expansion in OPM, the growth at operating profit was 15% to Rs 3048.29 crore. Other income was down by 3% to Rs 123.17 crore. The interest and depreciation was higher by 25% and 0% respectively to Rs 1332.72 crore and Rs 854.79 crore. Thus the PBT was up by 13% to Rs 983.94 crore. The taxation was up by 16% to Rs 268.52 crore and thus the growth at PAT moderated to 12% (to Rs 715.42 crore). After accounting for minority interest and other comprehensive expenses, the total comprehensive income was up by 12% to Rs 714.49 crore.

On a segment sale of Rs 2351.16 crore (up 12%) the BOT business registered a segment profit of Rs 1215.27 crore(a growth of 20%) largely riding on higher sales and 350 bps expansion in segment margin. The segment profit of construction was up by 23% (to Rs 980.26 crore) on a sale of Rs 3485.46 crore, a rise of 15% as its segment margin too was up by 180 bps.