Irb Infrastructure

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.

IRB Infra Trust completes refinancing of 5 BOT projects for Rs 6,400 cr

IRB Infrastructure Trust, the private InvIT of IRB, has completed the refinancing of five BOT projects for about Rs 6,400 crore located in three states. Of the 5 build-operate-transfer (BOT) projects, 2 each are located in Maharashtra and Uttar Pradesh, while 1 is in Rajasthan. "IRB Infrastructure Trust (Private InvIT) has successfully completed the refinancing exercise for its five BOT Assets for around Rs 6,400 crore," IRB said in a statement. The new interest rate will be 8.6 per cent against 9.7 per cent earlier and help save the company Rs 1,000 crore over the next 5 years, it said. Virendra D Mhaiskar, Chairman and Managing Director, IRB Infrastructure Developers Ltd, said, "Five of the operational BOT Assets under our private InvIT have successfully completed the re-financing exercise, with debt moving to the InvIT level. This will not only bring down our interest cost, reduce the amortisation in initial years, but also improve the tax efficiency of the portfolio". IRB ...

IRB Infrastructure Trust gets LoA for Rs 4,428 crore project from NHAI

IRB Infrastructure Trust, the private InvIT of IRB, has received the letter of award from NHAI for Rs 4,428 crore road project. This award takes the company's asset base to Rs 75,000 crore, IRB Infrastructure said in a statement on Sunday. "IRB Infrastructure Trust (Private InvIT) receives the Letter of Award (LoA) from NHAI (National Highways Authority of India) for Rs 4,428 crore Lalitpur-Lakhnadon NH 44, TOT-12 project for the revenue linked concession of 20 years," the statement said. The project entails tolling and operation and maintenance (O&M) activities on the largest single continuous stretch of 316 km (1,264 lane km) on the North-South corridor of NH44. The Trust recently emerged as a preferred bidder for the Toll-Operate-Transfer (TOT) model for the revenue-linked concession of 20 years, which marked the IRB Group's entry into Madhya Pradesh. IRB Infrastructure Developers Chairman and Managing Director Virendra D Mhaiskar said, "We are proud to take our footprint to ..

IRB Infrastructure toll revenue collection grows 24% to Rs 417 cr in August

IRB Infrastructure Developers Ltd (IRB) on Monday said its revenue from toll collection grew 24 per cent to Rs 417.2 crore in August 2023. Toll collection stood at Rs 336 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 141.1 crore to the total revenue collection, it said. On a month-on-month basis, the collection was up 14 per cent from Rs 365 crore in July 2023. Amitabh Murarka, Deputy Chief Executive Officer of IRB said, "We have added Hyderabad ORR project. We expect the toll revenue to pick up pace, in view of the forthcoming festival season along with likely commencement of toll collection on newly bagged Samakhiyali Santalpur BOT project in Gujarat." On August 12, IRB announced making an upfront payment of Rs 7,380 crore to Hyderabad Metropolitan Development Authority (HMDA). Post payment, its special purpose vehicle (SPV) IRB Golconda Expressway, has commenced toll collectio

IRB Infrastructure toll revenue grows 14% to Rs 365 crore in July

IRB Infrastructure Developers Ltd (IRB) on Monday said its revenue from toll collection grew by 14 per cent to Rs 365 crore in July 2023. Toll collection stood at Rs 320 crore in same month last year, IRB said in a statement. Out of the 12 tolls, the IRB MP Expressway Pvt Limited in Maharashtra contributed the major share of Rs 13.49 crore to the total revenue collection, it said. Amitabh Murarka, Deputy Chief Executive Officer of IRB Infrastructure Developers Limited, said, "The second quarter too has started on an impressive note. The addition of Nehru ORR, Hyderabad TOT project to the portfolio will further improve the numbers. With this, we expect upward trend in toll collection to continue for remaining Q2 months and rest of FY24 as well." On August 12, IRB Infrastructure Developers (IRB Infra) Ltd announced making an upfront payment of Rs 7,380 crore to Hyderabad Metropolitan Development Authority (HMDA). Post payment, its special purpose vehicle (SPV) -- IRB Golconda Expres

IRB Infrastructure toll revenue grows 18% to Rs 1,183 cr in Apr-Jun quarter

IRB Infrastructure Developers Ltd (IRB) on Monday said its revenue from toll collection grew by 18 per cent to Rs 1,183 crore in the first quarter of this financial year. Toll collection stood at Rs 1,000 crore in April-June quarter of preceding 2022-23, IRB said in a statement. "IRB and its private InvIT, namely IRB Infrastructure Trust, have registered a toll revenue growth of 16 per cent in the month of June 2023. Toll revenue growth for Q1FY24 for both entities was 18 per cent over the toll revenue in corresponding quarter of FY23," it said. In June 2023, the company recorded Rs 383-crore toll revenue, higher from Rs 329 crore in June 2022. Amitabh Murarka, Deputy Chief Executive Officer of IRB Infrastructure Developers Limited said, "First quarter of FY24 looks much positive as an upward trend seen in aggregate toll revenue as compared to corresponding quarter of last fiscal. We expect similar momentum for the rest of FY24." IRB has a track record of constructing, tolling, ..

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