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IRB Infrastructure Developers reported a consolidated net profit of INR 141 crore for the September quarter, up 41 per cent from INR 100 crore in the previous year. Total income rose to INR 1,800 crore, and toll revenues grew 11 per cent to INR 1,667 crore. The company declared a 7 per cent interim dividend and completed the sale of three assets as part of its B.E.S.T. strategy. Its portfolio now includes 26 road projects spanning BOT, TOT, and HAM models, highlighting strong performance amid an extended monsoon period and continued focus on efficient growth.
IRB Infrastructure Developers reported a 41 per cent increase in consolidated net profit, reaching INR 141 crore for the September quarter. In comparison, the company had recorded a net profit of INR 100 crore in the same period last year, according to a regulatory filing. Advertisement
The company's total income for the quarter increased slightly to INR 1,800 crore from INR 1,752 crore a year ago. Alongside the results, the board approved an interim dividend of 7 per cent.
IRB Infrastructure's Chairman and Managing Director, Virendra D Mhaiskar, stated that the first half of the year, especially the second quarter, showed strong momentum in toll revenue growth despite a prolonged and heavy monsoon season. He added that the company successfully completed the sale of three assets as part of its B.E.S.T. (Bid, Execute, Stabilize, Transfer) strategy, aiming for efficient asset turnover and sustainable growth without any dilution.
During the quarter, toll revenue rose around 11 per cent, totaling INR 1,667 crore compared to INR 1,503 crore in the year-ago period. IRB Group's project portfolio now comprises 26 road projects, including 18 under the BOT model, four under TOT, and four under HAM, covering both private and public InvITs.
This performance reflects IRB Infrastructure's consistent focus on revenue growth and strategic asset management, demonstrating resilience even during challenging weather conditions and market fluctuations.
Source PTI
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