IRB Infrastructure Developers Ltd posted a consolidated net profit of ₹140 crore for the June quarter of FY25, up 5% against the ₹134 crore profit in the same quarter in the previous financial year. Higher income during the quarter boosted profit : company’s exchange filing.
Its consolidated total income increased 13 percent to ₹1,972 crore in Q1, FY25, from ₹1,745 crore in the same quarter last year. This increase happened because of robust toll collection, which went up to ₹1,556 crore in the reporting quarter as against ₹1,183 crore in Q1 FY24.
Commenting about the results and outlook, Mr. Virendra D. Mhaiskar, Chairman and Managing Director of IRB Infrastructure Developers, said that FY25 had begun strongly on the back of sustained momentum in toll collections, particularly aided by the growth from the newly added assets. He further mentioned that continual thrust provided by the Government toward PPP projects and envisaged opportunities in the infrastructure segment makes him very confident about prospects for the future.
The Board further declared an interim dividend of ₹ 0.10 per equity share for the current financial year 2024-25; the record date has been fixed on August 20, 2024.
IRB Infrastructure is the first integrated infrastructure player in Highways in India, having an asset base of over ₹80,000 crore across 12 states.
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Source: Moneycontrol
News Desk
