Irb Infrastructure Developers

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 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 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 Infra block deal: Stock drops 9% after over 600 mn shares change hands

Reports suggested Cintra, a toll road subsidiary of the Dutch major Ferrovial, was looking to sell up to 5 per cent stake in IRB Infrastructire Developer

Buzzing: IRB Infra block deal, Vi Board meet, RVNL, Raymond order win

Stocks to Watch on Tuesday, June 11, 2024: Domino's, a franchise of Jubilant FoodWorks, opened its 2000th store in the country on Monday

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

IRB Infra block deal: Stock sinks 13% after over 300 mn shares change hands

IRB Infra stock news: Reports suggest IRB Holding Pvt Ltd, and Deepali Virendra Mhaiskar could be likely sellers

Stocks to watch on May 8: IRB Infra, IGL, Sonata Software, IDBI Bank, SJVN

Stocks to watch on May 8, 2024: 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

IRB Infra Trust wins Rs 1,720 cr arbitration award for highway project

Yedeshi Aurangabad Tollway Ltd (YATL), a special purpose vehicle of IRB Infrastructure Trust, has won an arbitration award of Rs 1,720 crore for a highway project, a statement said on Sunday. The YATL had initiated arbitration proceedings against the National Highways Authority of India (NHAI) after the authority disputed the company's claim for the extension of the concession period by 870 days and compensation of Rs 1,751 crore, the statement said. IRB Infrastructure Developers Ltd is the sponsor of IRB Infrastructure Trust. IRB was the EPC contractor for YATL and continues to be the project manager for YATL. The arbitration was based on the compensation payable to the IRB towards time and cost overrun suffered during the construction period on account of delays attributable to the NHAI and certain Force Majeure events, it added. After thoroughly hearing both sides, the statement said the Arbitration Tribunal has directed NHAI to pay compensation of Rs 1,720 crore including Inter

IRB Infrastructure toll revenue collection grows 30% to Rs 448 cr in Oct

IRB Infrastructure Developers Ltd (IRB) on Wednesday said its revenue from toll collection grew 30 per cent to Rs 447.7 crore in October 2023. Toll collection stood at Rs 345.1 crore in the same month last year, IRB said in a statement. Out of its 13 tolls, IRB MP Expressway in Maharashtra contributed the major share of Rs 140.9 crore to the total revenue collection, it said. Amitabh Murarka, Deputy CEO of the Company, said, "Pleased to see the continuation of momentum built in first two quarters of FY24, also getting continued in the first moth of third quarter. We also expect start of tolling on the Samakhiyali Santalpur BOT project in Gujarat soon, which would further facilitate better toll revenue." IRB is India's first integrated infrastructure player in the highways segment. As the largest integrated private toll roads and highways infrastructure developer in India, IRB has an asset base of over Rs 75,000 crore in 11 states.

IRB Infrastructure Developers net profit rises to Rs 95.74 crore in Q2

IRB Infrastructure Developers on Friday reported a 12.24 per cent rise in consolidated net profit to Rs 95.74 crore for the September quarter. The company had clocked a consolidated net profit of Rs 85.30 crore in the year-ago period, it said in a statement. Total income during the second quarter of the current fiscal rose to Rs 1,874 crore as against Rs 1,438 crore in the year-ago period. The company said its toll revenue across IRB and Pvt InvIT entities together was up by 20 per cent year-on-year for the first half of the current fiscal at Rs 2,386 crore from Rs 1,984 crore in the previous fiscal. "Overall, the performance looks very promising, backed by consistent growth seen in toll collections on a year-on-year basis across assets, coupled with commencement of tolling on Hyderabad Outer Ring Road and achieving financial closure of the build-operate-transfer project bagged earlier in Gujarat," Chairman and Managing Director of the company Virendra D Mhaiskar said. IRB Infra

IRB Infrastructure Developers Q1 net profit falls to Rs 134 crore

IRB Infrastructure Developers on Monday posted a 63 per cent fall in its profit after tax to Rs 133.77 crore during the April-June quarter, dragged by lower income. It had reported a net profit of Rs 363.19 crore during the April-June period last year, the company said in a regulatory filing. The company's total income in the first quarter (Q1) of the current fiscal also fell to Rs 1,745.47 crore from Rs 1,995.40 crore a year ago. In a statement, company Chairman and Managing Director Virendra D Mhaiskar said the company commenced 2023-24 on a positive note and expects to continue to witness robust momentum in toll collection. He added, Recently added projects of Hyderabad ORR TOT (outer ring road toll-operate-transfer) and Samakhiyali to Santalpur BOT (build operate and transfer) project are set to commence during Q2 and will meaningfully contribute to both, toll collection as well as construction segment, Q3 onwards." The toll collection for the April-June period was Rs 1,183 cr

IRB Infrastructure bags Rs 7,400-crore Hyderabad Outer Ring Road project

It is India's second largest road monetisation asset

IRB Infrastructure bags 158 km-project in Hyderabad for Rs 7,380 cr

IRB Infrastructure Developers on Thursday said it has bagged 158 kilometre-long Hyderabad outer ring road project under the toll-operate-transfer model for Rs 7,380 crore. The Hyderabad Metropolitan Development Authority (HMDA) had invited global competitive bids for the project, in which IRB had participated and emerged as the selected bidder. "After signing the concession agreement, the project SPV will be making the payment of Rs 7,380 crore within a span of 120 days," IRB Infrastructure Developers Ltd said in a statement. IRB Infrastructure Developers chairman and managing director Virendra D Mhaiskar said this project will take the company's asset base to over Rs 70,000 crore and share in toll-operate-transfer (TOT) space to 37 per cent, the largest by any private player in India. The Hyderabad outer ring road (ORR) is a 158 kilometers, 8 lanes ring road expressway, encircling Hyderabad, Telangana. Opened up in December 2012, the large part of around 124 km of ORR covers urba