IRB Infrastructure Developers Ltd Share Price – NSE  / BSE

Infrastructure Developers & Operators, Small Cap

Net profit of IRB Infrastructure Developers rose 3115.30% to Rs 6026.11 crore in the quarter ended December 2024 as against Rs 187.42 crore during the previous quarter ended December 2023. Sales rose 2.89% to Rs 2025.44 crore in the quarter ended December 2024 as against Rs 1968.54 crore during the previous quarter ended December 2023.

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IRB Infrastructure Developers announced that the Board of Directors of the Company at its meeting held on 31 January 2025, inter alia, have recommended the Third Interim dividend of Rs 0.1 per equity Share (i.e. 10%) , subject to the approval of the shareholders.

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IRB Infrastructure Developers will hold a meeting of the Board of Directors of the Company on 31 January 2025.

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The joint ventures entities under IRB Infrastructure Trust reported gross toll collection of Rs 345.8 crore (up 31.18% YoY) for the period under review.

Amitabh Murarka, Dy CEO of the company, said, “We've seen impressive growth in the current month across our portfolio. Looking ahead, we expect this upward trend in toll collection to continue, driven by India's robust GDP growth, which should boost vehicular traffic across our 12-state network.”

IRB Infrastructure Developers (IRB) is one of the leading infrastructure development companies in India in road and highway sector, with presence in Build-Operate-Transfer (BOT) and HAM space. The company undertakes development of various infrastructure projects in the road sector through several Special Purpose Vehicles. IRB's work spans from building of roads, highways, bridges, and tunnels, recently the company diversified its business into real estate development sector also.

IRB Infrastructure Developers consolidated net profit increased 4.30% to Rs 99.86 crore in Q2 FY25 as against Rs 95.74 crore posted in Q2 FY24. However, revenue from operations declined 9.12% to Rs 1,585.8 crore in the second quarter of FY25 as against Rs 1,745 crore reported in Q2 FY24.

The scrip slipped 1.73% to Rs 54.56 on the BSE.

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