IRB Infrastructure Developers Ltd News

IRB Infrastructure share rises over 4% as Nov toll collection jumps 23% YoY

The uptick in IRB Infrastructure share price came on the back of strong toll revenue collection in November 2024

IRB Infra's toll revenue collection rises 21% to Rs 540 crore in October

IRB Infrastructure has posted a 21 per cent rise in its toll revenue to Rs 539.6 crore in October. Revenues from the toll collection business stood at Rs 447.8 crore a year ago, IRB said in an exchange filing on Thursday. Of its 17 tolls, IRB MP Expressway in Maharashtra contributed the major share of Rs 142.6 crore to the total revenue collection, followed by IRB Ahmedabad Vadodara Super Express Tollway, which contributed Rs 66.2 crore, it said. The company collected Rs 32.7 crore in toll revenue from CG Tollway (Chittorgarh to Gulabpura NH 79). "Following a good first half in FY25, the third quarter has begun on a strong footing, marked by robust toll collection growth in October 2023. We expect this positive trend to continue, driven by the festive season and increased holiday travel," Amitabh Murarka, Deputy CEO of IRB Infrastructure, said. IRB is India's first integrated infrastructure player in the highways segment. It is the country's largest integrated private toll roads a

IRB Infrastructure Developers drops 4% after revenue declines in Q2FY25

Shares of IRB Infrastructure Developers plummeted 3.64 per cent at Rs 52.05 a piece on the BSE

IRB Infrastructure Developers Q2 results: Net profit rises 4% to Rs 100 cr

IRB Infrastructure Developers on Wednesday reported 4 per cent rise in consolidated net profit at Rs 99.86 crore for September quarter FY25. The company had clocked a net profit of Rs 95.74 crore in the year-ago period, it said in a regulatory filing. Total income during the second quarter of the current fiscal declined to Rs 1,751.16 crore from Rs 1,874.50 crore a year ago. The company said its toll collection in Q2FY25 rose 25 per cent (including projects under Private InvIT). "The Q2FY25 looks fine, specifically on the toll collection front, which has shown consistent robust year-on-year growth, despite impact of heavy monsoon resulting into traffic disruptions in some of the assets." "We expect improved performance in the remaining quarters in view of the exit of monsoon season, coupled with set-in festive season and the pace consolidation in the development of under construction projects post monsoon season," IRB Infrastructure Developers Chairman & Managing Director ...

IRB Infrastructure to raise debt of up to $200 million via bond issue

As per the company's stock exchange filing, the amount is to be raised 'to meet the company's financial requirements'

IRB Infra September toll collection jumps 19% YoY; share price up 3%

The uptick in IRB Infrastructure Developers share came on the back of strong toll revenue collection in September 2024.

IRB Infra's toll revenue collection rises 19% to Rs 502 crore in Sep

IRB Infrastructure on Tuesday posted a 19 per cent year-on rise in its toll revenue to Rs 502 crore in September. Revenues from the toll collection business stood at Rs 421 crore in the same month last year, IRB said in an exchange filing. Out of its 17 tolls, IRB MP Expressway in Maharashtra contributed the major share of Rs 136.8 crore to the total revenue collection, followed by IRB Ahmedabad Vadodara Super Express Tollway, which contributed Rs 58.4 crore, it said. Amitabh Murarka, Deputy Chief Executive Officer of IRB Infrastructure Developers Limited, said, "Our toll revenue has demonstrated resilience despite severe rains in some of the regions. As we look ahead to the festive season, we are optimistic about sustaining the growth, driven by increased travel and economic activities". IRB is India's first integrated infrastructure player in the highways segment. It is the largest integrated private toll roads and highways infrastructure developer in India with an asset base of

IRB Infrastructure August toll collection zooms 20% YoY; share price gains

The August 2024 toll revenue grew over 20 per cent year-on-year to Rs 503 crore, from Rs 417 crore in August 2023.

IRB Infrastructure Q1FY25 results: Toll collection grew 32%, PAT rises 5%

The company reported a toll collection worth Rs 1,556 crore for the first quarter of the ongoing financial year

IRB Infrastructures Developers Q1 results: Net profit up 5% at Rs 140 cr

IRB Infrastructures Developers Ltd on Friday posted around 5 per cent rise in consolidated profit after tax to Rs 140 crore during June quarter on account of higher income. It had reported a profit after tax (PAT) of Rs 134 crore in the April-June quarter of preceding 2023-24 financial year, the company said in an exchange filing. The company's total income rose to Rs 1,972 crore in the reporting quarter from Rs 1,745 crore in the year-ago period, registering an increase of 13 per cent. In a separate statement, Virendra D. Mhaiskar, Chairman & Managing Director, IRB Infrastructure Developers Limited, said, "It is a promising start for FY25 with the continued robust momentum in toll collection, especially with the newly added assets to our portfolio." The company looks forward for further growth with the government's continued focus on PPP (public private partnerships) projects and several upcoming opportunities in the sector. The company's toll collection for Q1FY25 was at Rs ...

IRB Infrastructure jumps over 2% on strong June toll revenue growth

The uptick in the stock price came after the company announced a strong set of June toll revenue collections