Irb Infrastructure

IRB Infra toll revenue up 20% to Rs 560 cr in Jan, highest from Maharashtra

IRB Infrastructure on Monday posted a 20 per cent year-on-year rise in toll revenue to Rs 559.7 crore in January. Revenues from the toll collection business stood at Rs 466.8 crore in the same month last year, IRB said in an exchange filing. Of its 17 tolls, the IRB MP Expressway in Maharashtra contributed the major share of Rs 155.2 crore to the total revenue collection in January, followed by IRB Ahmedabad-Vadodara Super Express Tollway, which contributed Rs 69.9 crore, it said. The company collected Rs 33.1 crore in toll revenue from CG Tollway (Chittorgarh to Gulabpura, NH 79). Amitabh Murarka, Dy CEO of the company, said, "We continued strong growth in January... This momentum is expected to continue, driven by recent Budget allocations aimed at boosting consumption and tourism while enhancing transportation infrastructure, which, in turn, will increase traffic on our assets in 12 states." IRB is India's first integrated infrastructure player in the highways segment. It is t

Dividend, Stock-split: Sun Pharma, Ksolves, 5 others to go ex-date tomorrow

Here are the complete details of companies whose shares will trade ex-date tomorrow, along with their corporate announcements and key details

IRB Infra's Q3 FY25 results: Profit jumps multifold to Rs 6,026 crore

The company recognised exceptional gains of Rs 5,804 crore over fair-value assessments

IRB Infrastructure Q3 results: Net profit rises 18% to Rs 222 crore

IRB Infrastructure Developers Ltd (IRB) on Friday said it has reported an 18.7 per cent rise in profit after tax to Rs 222 crore in the December quarter. It had posted a profit after tax "PAT, excluding exceptional gains" of Rs 187 crore in the year-ago period, the company said in a statement. The company's PAT, including exceptional items, jumped manifold to Rs 6,026 crore against Rs 187 crore in the October-December period of the preceding 2023-24 financial year. Its total income rose to Rs 2,090 crore over Rs 2,077 crore a year ago. The company's board has also declared a third interim dividend of Re 1 totalling Rs 60.3 crore in the third quarter of FY25. This brings the total dividend for the first nine months of FY25 to Rs 181.1 crore. During the quarter under review, the company witnessed a 21 per cent rise in aggregate toll collection to Rs 1,655 crore compared to Rs 1,373 crore in Q3FY24. Its company Chairman and Managing Director Virendra D Mhaiskar said, "Our asset port

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 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 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

IRB Infrastructure share price soars 4% on robust May toll collection

The uptick in share price came on the back of strong toll revenue collection in May 2024

TBI Corn, IRB Infra, Mastek, Rites among seven stocks to watch on June 07

Stocks to watch on June 07: TBI Corn's initial public offering (IPO) is set to list on NSE SME on Friday, June 07, 2024

IRB Infra Q4 results: Net profit jumps 45% to Rs 189 cr, revenue up 27%

Co's toll revenue increased by 29 per cent in April, earned Rs 503 crore from its highways

IRB Infrastructure Q4 results: Net profit grows 45% to Rs 189 crore

IRB Infrastructure Developers on Tuesday reported a 45 per cent rise in consolidated net profit to Rs 188.87 crore for the March 2024 quarter, mainly due to higher income. Its net profit was Rs 130.15 crore in the quarter ended March 2023, the company said in a regulatory filing. Total income surged to Rs 2,504.49 crore from Rs 1,698.91 crore in the year-ago period. Total expenses also rose to Rs 2,060.15 crore as against Rs 1,456.65 crore a year ago. The consolidated net profit rose to Rs 605.81 crore in fiscal 2023-24 compared to Rs 720.01 crore in FY23. The income for the entire year was Rs 8,201.76 crore over Rs 6,703.31 crore a year ago. In a separate statement, the company said it has paid Rs 181 crore as dividend for FY24, including a third interim dividend of 10 paise declared on Tuesday. "FY24 was an astounding year. We not only received three prestigious TOT (Toll Operate Transfer) awards but also tied up finances, made an upfront payment of concession fees to the resp

Cintra deal, expanding order book triggers for IRB Infrastructure

IRB Infrastructure Developers (IRB) owns 51 per cent of the units, with the remaining 49 per cent held by various GIC Affiliates

Ferrovial arm Cintra to acquire 24% stake in IRB Infra Invit from GIC

The trust is an infrastructure investment trust (InvIT), a special investment vehicle in which IRB Infra holds a 51 per cent stake and 49 per cent equity is held by affiliates of GIC

IRB Infra Q3 results: Net profit rises by 32.49% to Rs 187.42 crore

IRB Infrastructure Developers Ltd on Wednesday reported a 32.49 per cent rise in its consolidated net profit to Rs 187.42 crore for the quarter ended December 2023. The company had clocked a net profit of Rs 141.35 crore during the year-ago quarter, IRB Infrastructure Developers said in a BSE filing. Its total income during October-December 2023 rose to Rs 2,077 crore from Rs 1,570 crore a year ago. The firm's expenses increased to Rs 1,783 crore from Rs 1,351 crore. The company, in a statement, said its private InvIT associate was awarded TOT-12 and TOT-13 projects in Madhya Pradesh and Rajasthan.

No pre-election lull in execution, orders so far, say cement, steel firms

Cement dealers and executives from ratings agencies echo Acharya's view

IRB Infra surges 7%; hits new high on healthy toll collection in November

The company and the IRB Infrastructure Trust (Private InvIT), has collectively recorded 20 per cent year-on-year rise in toll collection at Rs 437 crore in the month of November 2023.