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IRB Infrastructure Developers Ltd reported a 14% increase in net profit for the March quarter of FY25, recording INR 214.7 crore, up from INR 188.8 crore in the same quarter of the previous fiscal year. The rise in profit was driven by increased revenue from operations, which grew to INR 2,149.2 crore from INR 2,061.2 crore. Expenses decreased to INR 1,895.3 crore, contributing to the profit growth. For the entire FY25, net profit surged significantly to INR 6,480.6 crore compared to INR 605 crore in FY24. The company's toll revenue rose by 23% to INR 6,360 crore for FY25, driven by the commencement of two TOT projects that outperformed expectations. The company remains optimistic about further growth through BOT and TOT bids in alignment with the government's infrastructure push.
Higher operating revenue was the primary driver of IRB Infrastructure Developers Ltd.'s 14% increase in net profit for the March quarter of FY25. The company recorded a net profit of INR 214.7 crore for the quarter, an improvement from the INR 188.8 crore registered in the corresponding period of the previous fiscal year, as disclosed in a regulatory filing. Advertisement
The total revenue from operations during the quarter rose to INR 2,149.2 crore, a rise from INR 2,061.2 crore in the same period a year earlier. Expenses for the quarter were lower at INR 1,895.3 crore, compared to INR 2,060.1 crore in the January-March period of FY24.
For the full financial year FY25, IRB Infrastructure's net profit surged to INR 6,480.6 crore, a substantial rise from INR 605 crore in FY24. Earlier in April, the company had reported a 23% year-on-year increase in toll revenue, amounting to INR 6,360 crore for FY25.
CMD Virendra D Mhaiskar remarked that the results were promising, attributing the robust 23% growth in toll revenue to the improved performance in the second half of the financial year, following a challenging first half impacted by the general elections. He highlighted that the two TOT projects initiated during the year had exceeded expectations, reinforcing the company's outlook for growth.
Mhaiskar further noted that the government's emphasis on PPP projects in the recent Union Budget has positioned the company to capitalise on a promising pipeline of BOT and TOT bids. IRB, India's first integrated infrastructure player in the highways segment, continues to be the largest private toll roads and highways infrastructure developer in the country, with an asset base of over INR 80,000 crore spanning 12 states.
The impressive 23% growth in toll revenue, coupled with a significant surge in net profit, underscores the company's resilience amidst fluctuating market conditions. With promising TOT projects exceeding expectations and a robust pipeline of BOT and TOT bids driven by government initiatives, IRB remains well-positioned to further solidify its market leadership in the infrastructure sector. The company's extensive asset base across 12 states continues to provide a strong foundation for sustained growth in the coming financial years.
Source - PTI
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