Page 2 - Irb Infrastructure Developers

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

IRB Infra up 4% as it emerges preferred bidder for Rs 2,132 cr BOT project

The company has fixed Wednesday, February 22, 2023 as the 'Record Date' for the purpose of determining the eligibility of shareholders for the purpose of sub-division /split in the ratio of 1:10.

IRB Infra toll collection revenue grows 36% to Rs 374.81 cr in Jan

IRB Infrastructure Developers Ltd (IRB) on Friday said its revenue from toll collection grew 36 per cent to Rs 374.81 crore in January 2023. The toll collection stood at Rs 276.44 crore in January 2022, IRB said in a statement. "The consistently robust growth in toll revenue across all our projects over last year reflects economic stability that the country has achieved post-pandemic, and these corridors are playing a vital role in it," Virendra D Mhaiskar, Chairman & Managing Director of IRB Infrastructure Developers said. IRB has a track record of constructing, tolling, operating and maintaining around 15,500 lane km across India. IRB Infrastructure Developers is India's leading and one of the largest integrated infrastructure players in the highways sector.

IRB Infra dips 4% on profit-booking; board approves 1:10 stock split

Despite of today's decline, in past one month the stock has gained 12 per cent and ralllied as much as 45 per cent in the last three months.

IRB Infra soars 10%, most among A-group stocks, after 3x price target

Debt reduction, renewed govt focus on BOT projects, attractive valuations and strong revenue growth forecasts could lead to a re-rating of the stock