IRB Infrastructure Developers Ltd has commenced the fiscal year 2024-25 on a strong note, reporting a 5% year-on-year increase in consolidated net profit for the first quarter, amounting to ₹140 crore. This marks a rise from ₹134 crore recorded in the corresponding quarter of the previous financial year, underscoring the company’s consistent performance and strategic positioning in the infrastructure sector.
The company’s total income for the April-June 2024 quarter rose by 13% to ₹1,972 crore, compared to ₹1,745 crore in the same period last year. This increase is largely attributed to the enhanced momentum in toll collection, driven by newly added assets to the company’s robust portfolio. In an official statement, IRB Infrastructure Developers Ltd highlighted the positive outlook for the year, emphasising the strategic growth prospects fueled by public-private partnerships (PPP) and government-backed initiatives in infrastructure development. “It is a promising start for FY25 with continued robust momentum in toll collection, especially with the newly added assets to our portfolio,” the company stated, expressing confidence in the sustained growth trajectory.
Toll collection, a critical revenue driver for the company, saw a significant rise during the quarter. The figure for Q1FY25 stood at ₹1,556 crore, a substantial increase from ₹1,183 crore in the same quarter of FY24. This uptrend reflects the company’s strong operational execution and its strategic acquisition of high-yielding assets. In a move that further underscores its robust financial health, IRB’s board has declared an interim dividend of ₹0.10 per equity share for the financial year 2024-25, with the record date set for August 20, 2024. This decision is aligned with the company’s commitment to delivering value to its shareholders, amidst a backdrop of favourable industry dynamics and expanding opportunities in the infrastructure sector.
As IRB Infrastructure Developers Ltd continues to capitalise on the government’s focus on PPP projects, the company is well-positioned to leverage the emerging opportunities in the sector. With a strong pipeline of projects and a firm footing in toll collection, IRB remains optimistic about its growth prospects in the upcoming quarters.
