Irb Infra

IRB Infra Q4FY25 results: Net profit rises 13.7% to ₹214.72 crore

IRB Infra reports 13.7% YoY rise in Q4 net profit; FY25 profit surges on exceptional gains, while revenue sees modest annual growth and toll collections beat industry

IRB Infra reports 23% rise in toll revenue at Rs 6,360 cr in FY25

IRB Infrastructure has posted 23 per cent year-on rise in its toll revenue to Rs 6,360 crore for financial year 2024-25. Revenue from the toll collection business stood at Rs 5,169 crore in the preceding 2023-24 fiscal year, IRB said in an exchange filing on Tuesday. In March, revenue from toll was at Rs 557 crore, a rise of 16 per cent over Rs 481 crore in the same month last year. Of its 17 tolls, IRB MP Expressway in Maharashtra contributed the major share of Rs 1,754.4 crore to the total revenue collection in FY25, followed by IRB Ahmedabad Vadodara Super Express Tollway, which contributed Rs 762.1 crore, it said. With Rs 376.1 crore, CG Tollway (Chittorgarh to Gulabpura NH 79) was the third-largest contributor to the revenues in FY25. In March, the share of IRB MP Expressway was Rs 153.6 crore, IRB Ahmedabad Vadodara Super Express Tollway Rs 65.5 crore and CG Tollway (Chittorgarh to Gulabpura NH 79) Rs 33.4 crore. Amitabh Murarka, Deputy CEO of the company said, "We report a

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

IRB Infra share price rises 6% in posting Q3 nos; announces dividend

IRB Infra's total revenue from operations stood at Rs 2,025.44 crore, up 2.9 per cent year-on-year (Y-o-Y), as compared to Rs 1,968.53 crore.

ATGL, IRB, Kalyan Jewellers top F&O buys in Jan thus far; FIIs short Nifty

Derivatives market data shows FIIs net sold 78,868 contracts of Nifty futures in first 4 trading days of Jan series while OI rose 74,992 contracts; thus implying build-up of short positions in Nifty.

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 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 InVIT to raise Rs 2,667 crore via term loans to refinance existing debt

Post refinancing, roads SPVs to be free of external debt

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

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

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

Cintra receives CCI's approval to acquire 24% stake in IRB Infra Trust

The Competition Commission of India (CCI) on Tuesday said it has approved Cintra's proposed acquisition of 24 per cent unitholding in IRB Infrastructure Trust and MMK Toll Road Pvt Ltd. Cintra InvIT Investments BV (Cintra SPV 1) and Cintra IM Investments BV (Cintra SPV 2) collectively belong to the Netherlands-based Ferrovial group. "The proposed combination involves the acquisition of approximately 24 per cent of the issued and outstanding unitholding (on a fully-diluted basis) along with certain commercially negotiated rights in the Private InvIT (IRB Infra Trust) by Cintra SPV 1. "Simultaneous acquisition of approximately 24 per cent equity shareholding along with the right to nominate a director on the board of directors of the IM of the Private InvIT by Cintra SPV 2," CCI said in a release. Ferrovial group is a global developer of transport infrastructure, mobility solutions, engineering and is engaged in the construction of civil works and buildings. The sponsors of IRB ...

IRB Infrastructure Trust SPVs pays Rs 6,111 cr to Nhai for TOT projects

IRB Infrastructure Trust, an associate of IRB Infrastructure Ltd, on Monday said its special purpose vehicles have made an upfront payment of Rs 6,111 crore to National Highways Authority of India (NHAI) for toll operate transfer projects. The SPVs made an upfront payment of the concession fee of Rs 6,111 crore to the NHAI (TOT12 - Rs 4,428 crore, TOT 13 - Rs 1,683 crore) and subsequently received the appointed dates from NHAI for both projects, IRB Infrastructure said in a statement. "The SPVs of IRB Infrastructure Trust (Associate of IRB Infra) ... ,Viz. IRB Lalitpur Lakhnadon Tollway Pvt. Ltd representing TOT 12 project, IRB Kota Tollway Pvt Ltd. and IRB Gwalior Tollway Pvt. Ltd. representing TOT 13 bundle, have started tolling w.e.f. the 00.00 Hrs. on 1st April 2024," it added. IRB Infra Chairman & Managing Director Virendra D Mhaiskar said following an exhilarating FY24, it is immensely thrilling to continue that momentum into FY25. Successful funding of two TOT projects ...

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

IRB Infra arm inks pact with NHAI for tolling project in Madhya Pradesh

IRB Infrastructure Developers on Friday said that its associate IRB Lalitpur Tollway has signed a concession agreement with the NHAI for tolling and operations and maintenance of the Lalitpur-Lakhnadon stretch of NH44 in Madhya Pradesh. The project involves paying upfront Rs 4,428 crore to NHAI for tolling and O&M of 316 km stretch of NH44 for a revenue-linked concession period of 20 years, IRB Infrastructure Developers said in a statement. The project is being executed by IRB Infrastructure Trust (Private InvIT), it added. The company has taken a step ahead in achieving financial closure for the project, the statement said. IRB Infrastructure Developers Chairman and MD Virendra D Mhaiskar said this is the company's second concession agreement for a toll-operate-transfer (TOT) project within a span of 6 months. "We look forward to bringing World Class travel and project management experience for commuters and other stakeholders of the project," he added.

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 Infra March toll collection revenue grows by 20% to Rs 370 cr

IRB Infrastructure Developers has reported a 20.64 per cent rise in revenues from its toll collection business at Rs 369.9 crore in March 2023. During the same month last year, "the toll revenue from the subsidiaries and joint venture entities of the company was at Rs 306.6 crore," IRB Infrastructure Developers said in a regulatory filing on Monday. On a month-on-month basis, the collection in March was 5.38 per cent higher, as against Rs 351 crore in February 2023. The Mumbai-headquartered company has a major presence in the build-operate-transfer (BOT) space. It is the largest integrated private toll roads and highways infrastructure developer in the country.