New Delhi (BharatNeeti): India’s leading infrastructure company IRB Infrastructure Developers Limited (IRB) saw its PAT growing by 19 per cent to Rs 222 crore in October-December FY25, (excluding one-time income) against Rs.187 crore for the corresponding quarter of FY24.
The total income reported for the same period is Rs 2,090 crore, which was Rs 2,077 crore during the corresponding quarter of FY24, a rise of 1 per cent.
The aggregate toll collection of the company and its private InvIT associate for quarter under review grew by 21 per cent Y-o-Y to Rs 1,655 crore from Rs 1,373 crore a year ago.
The Board also has declared a 3rd interim dividend of 10 per cent (face value: Re 1) totaling Rs. 60.3 crore for Q3 FY25. This brings the total dividend for the first nine months of FY25 to Rs. 181.1 crore.
Virendra D. Mhaiskar, Chairman & Managing Director of the company said, “Our asset portfolio continues to excel with 21 per cent revenue growth in the current quarter. As we build on this momentum, we have embarked on a strategic journey of asset rotation and unlocking the true value of our investments. This initiative includes a non-binding offer to Public InvIT and a value-enhancing initiative across our portfolio.”
He further added, “The Government’s push for Public-Private Partnership (PPP) projects is gaining momentum, with bidding for Build-Operate-Transfer (BOT) and Toll-Operate-Transfer
(TOT) projects now underway. We intend to actively participate in these upcoming opportunities.”
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.
