IRB Infrastructure Developers rose 1.55% to Rs 186.40 at 14:57 IST on BSE after the company at the time of announcing Q4 results said that it has Rs 10000 crore worth of order book to be executed in the next three to four years.
The Q4 result was announced during trading hours today, 22 May 2014.
Meanwhile, the S&P BSE Sensex was up 50.66 points or 0.21% at 186.40.
On BSE, so far 13.25 lakh shares were traded in the counter as against average daily volume of 16.89 lakh shares in the past two weeks.
The stock hit a high of Rs 191.80 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 185 so far during the day. The stock hit a record low of Rs 51.90 on 2 August 2013.
The mid-cap company has equity capital of Rs 332.36 crore. Face value per share is Rs 10.
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IRB Infrastructure Developers (IRB)'s consolidated net profit fell 27.72% to Rs 109.23 crore on 6.77% decline in total income to Rs 918.04 crore in Q4 March 2014 over Q4 March 2013.
IRB's consolidated net profit declined 18% to Rs 459 crore on 1% growth in total income to Rs 3853 crore in the year ended 31 March 2014 (FY 2014) over the year ended 31 March 2013 (FY 2013).
IRB's consolidated EBITDA rose 6% to Rs 1875 crore in FY 2014 over FY 2013.
Construction segment operating EBITDA margin remains strong at around 27% during the year, IRB said in a statement.
Toll revenue has increased by around 13% in comparison to FY 2013 on the basis of moderate traffic growth, higher wholesale price index and partial toll collection on few projects started during the year in comparison to the last year, IRB said in a statement.
IRB's order book now stands at approximately Rs 12000 crore out of which Rs 10000 crore worth of order book is to be executed in the next three to four years. This order book gives IRB good visibility for the next three years.
IRB is an integrated infrastructure development and construction company in India with significant experience in the toll roads and highways sector.
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