New Delhi (BharatNeeti): The IRB Infrastructure Developers Limited, India’s leading, largest and the first multinational transport infrastructure developer in roads and highways sector, has reported 4 per cent growth in the net profit for Q2FY25 over the corresponding period last financial year.
In July-September FY25, the company has posted Rs 100 crore PAT as against Rs 96 crore in the same quarter of FY24, whereas the total income for the quarter under review has decreased by 7 per cent from Rs 1,875 crore in Q2FY24 to Rs 1,752 crore in Q2FY25.
Virendra D. Mhaiskar, Chairman & Managing Director of the company said, “The Q2FY25 looks fine, specifically on the toll collection front, which has shown consistent robust year on year growth, despite impact of heavy monsoon resulting into the traffic disruptions in some of the assets. We expect improved performance in the remaining quarters in view of the exit of monsoon season, coupled with set-in festive season and the pace consolidation in the development of under construction projects post monsoon
season.”
IRB Infrastructure Developers Ltd (IRB) is India’s first Integrated Multi-National Transport Infrastructure Developer in Roads & Highways segment.
As the largest integrated private toll roads and highways infrastructure developer in India, IRB has an asset base of approximately Rs 80,000 crore in 12 states across the parent company and two InvITs. The company has strong track record of constructing, tolling, operating, and maintaining around 18,500 lane km pan India in its existence of more than 25 years in India, of which 15,500 lane km are under operations at present.
The group commands a market share of around 33 per cent of the awarded TOT space. It also comprises around 14 per cent share in the prestigious Golden Quadrilateral Highway Project and 12 per cent share in India’s North South highway connectivity.
