- Proposes final dividend of 5% in addition to 10% interim dividend paid
- Total Income shoots by 30% to Rs.1,021 crores.
- PAT stands at Rs.175.85 crs., vs. Rs.113.93 crs. in FY08
IRB Infrastructure Developers Limited, (BSE:532947, NSE: IRB) one of the largest toll road operating companies in India, declared consolidated annual profit of Rs.175.85 crores on consolidated Income of Rs.1,021 crores. PAT for the year at Rs.175.85 crores surpasses FY 2008 year end PAT at Rs.113.93 crores by 54%.
Income from operations for the quarter ended March 31, 2009 was Rs. 321.10 crores. PAT for the quarter was Rs.42.23 crores.
Earning Per Share for FY09 is higher at Rs.5.29 as compared to Rs.4.18 for FY08. In addition to the Re 1/- per share interim dividend paid, the Company has now proposed final dividend of Re. 0.50 per share, to be paid to shareholders as on date on ensuing Annual General Meeting.
Announcing the results, Mr. Virendra D. Mhaiskar, Chairman & Managing Director of IRB Infrastructure Developers Ltd. said, “We take pride in sharing our growth story with our investors whose support is very important to us. Focused expertise in the road sector and timely and high quality execution of toll road projects is earning us industry accolades and will translate into higher returns in the coming year as well.”
Recently, IRB won the CNBC - Essar Steel Infrastructure Excellence Award for the Mumbai-Pune section of NH 4 under the highways and flyovers category. IRB recently commenced work on the development and management of the Surat-Dahisar section of NH8, connecting Mumbai to Delhi, and which is a part of the Golden Quadrilateral, and approx. cost of turning the existing 4-laner to 6-laner is Rs. 2,800 crore. The project road comprising 239 km. lies on the Ahmedabad-Mumbai section of NH-8.
About IRB Infrastructure Developers Ltd.
IRB Infrastructure Developers Ltd. is an integrated infrastructure development and construction company in India with significant experience in the roads and highways sector. The Company is one of the largest private developers in western India and the largest toll road operating company in India. It is an established infrastructure company in the roads sector and has a large portfolio of completed and operational BOT projects in the roads infrastructure sector. BOT projects comprise over 95% of IRB’s appx. Rs. 5900 crore order book. Since February 25, 2008, the Company has been listed on the NSE and BSE.
For further details, log onto www.irb.co.in.