IRB Infrastructure Developers Ltd , India's leading integrated multi-national infrastructure developer in the highways sector, has reported a strong financial performance for the first quarter. The company's net profit surged by 45% year-over-year, accompanied by robust revenue growth and an interim dividend declaration.

Financial Highlights

Net Profit and Revenue

• Net Profit: ₹202.00 crore, up 45% from ₹140.00 crore in the same quarter last year
• Total Consolidated Income: ₹2,165.00 crore, a 10% increase from ₹1,972.00 crore
• Combined Toll Revenue: ₹1,680.00 crore, up 8% from ₹1,555.00 crore

Dividend Announcement

The Board of Directors has declared an interim dividend of ₹0.07 per equity share (7% of face value). The record date for the dividend is set as August 29, with payment to be made by September 12.

Operational Performance

IRB Infrastructure Trust Distribution

The trust announced a distribution of approximately ₹53.00 crore, with the company's share amounting to around ₹27.00 crore.

Corporate Updates

• The company's board approved consolidated and standalone unaudited financial results for the quarter ended June 30.
• IRB Infrastructure's 27th Annual General Meeting is scheduled for September 18, to be conducted through video conferencing.

IRB Infrastructure Developers continues to demonstrate strong financial performance and operational efficiency in the infrastructure sector. The significant increase in net profit, coupled with steady revenue growth and consistent dividend payouts, underscores the company's robust business model and its ability to generate value for shareholders.

IRB Infrastructure Developers Limited , a leading player in India's road and highway infrastructure sector, has announced a significant increase in its toll revenue for July. The company reported a 10% year-on-year growth, with total collections reaching Rs. 548.00 crores, up from Rs. 499.00 crores in the same month of the previous year.

Project-wise Performance

The toll revenue was generated from 17 toll road projects operated through wholly-owned subsidiaries and joint venture entities under IRB Infrastructure Trust. Here's a breakdown of the top-performing projects:

Strong Performance Despite Seasonal Challenges

Amitabh Murarka, Deputy CEO of IRB Infrastructure Developers Limited, expressed satisfaction with the company's performance. He stated, "We've seen a strong start to the second quarter, outperforming the previous quarter on the toll revenue front. Despite the seasonal impact of monsoons, we remain optimistic about sustaining this growth momentum."

Future Outlook

The company remains positive about its growth trajectory, with Murarka adding, "With the festive season onset in India, we foresee a further uptick in traffic volumes and toll revenues." This optimism suggests that IRB Infrastructure is well-positioned to capitalize on increased traffic during the upcoming festive period.

Company Profile

IRB Infrastructure Developers Ltd is recognized as India's first Integrated Multi-National Transport Infrastructure Developer in the Roads & Highways segment. The company boasts an impressive asset base of approximately Rs. 80,000.00 crores spread across 12 states, managed through the parent company and two InvITs (Infrastructure Investment Trusts).

With a strong track record spanning over 25 years, IRB has constructed, tolled, operated, and maintained around 19,000 lane kilometers pan-India. Currently, 15,500 lane kilometers are under operation. The group commands a significant market share, including:

• 33% of the awarded TOT (Toll-Operate-Transfer) space
• 14% share in the prestigious Golden Quadrilateral Highway Project
• 12% share in India's North-South highway connectivity

IRB Group's current project portfolio comprises 26 road projects, including 18 BOT (Build-Operate-Transfer), 4 TOT, and 4 HAM (Hybrid Annuity Model) projects.

The company's consistent growth and strategic positioning in India's infrastructure sector underscore its importance in the country's ongoing development of road networks and transportation infrastructure.