IRB Infra Q1 Results 2024
IRB Infra Developers Limited Q1 Results: IRB Infrastructure Developers Ltd. has announced its financial results for the June quarter. The first quarter earnings of the company show growth in revenue and net profit. The company’s revenue for the quarter surged by 13.4 per cent to Rs 1,852.9 crore. This is up from Rs 1,634.2 crore during the same period last year.
IRB Infra Developers Limited Q1 Results: Net Profit
Net profit for the quarter also saw an increase of 4.7 per cent, reaching Rs 140 crore.
IRB Infra Developers Limited Q1 Results: EBITDA
Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) rose by 10.2 per cent to Rs 857 crore.
IRB Infra Developers Limited Q1 Results: EBITDA Margin
However, the EBITDA margin slightly narrowed to 46.25 per cent from 47.6 per cent a year ago.
IRB Infra Developers Limited Q1 Results: Toll Collection
The company’s toll collection experienced a significant boost, rising 32 per cent to Rs 1,556 crore. Notably, tolls collected via FASTag accounted for 96 per cent of the total toll revenue.
IRB Infra Developers Limited Q1 Results: Specific Segments’ Revenue
In terms of specific segments, revenue from the company’s BOT/TOT Projects increased to Rs 613.9 crore from Rs 585.5 crore, while the Construction segment saw its revenue grow to Rs 1,233 crore from Rs 1,042 crore year-on-year.
IRB Infrastructure Trust
Additionally, the company’s unit, IRB Infra Trust, declared a distribution of Rs 72.4 crore for the quarter. IRB Infra will receive Rs 36.9 crore from this distribution, based on its stake in the company.
IRB Infra Share Price
Despite these positive results, IRB Infra’s shares fell by 1.9 per cent to Rs 62.53. The stock has gained 50 per cent in value so far in 2024 but has decreased by 7.5 per cent over the past 12 months.