Latest news with #IRBInfrastructureDevelopers
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Business Standard
2 days ago
- Business
- Business Standard
IRB InvIT to acquire 3 road assets worth ₹8,436 cr from IRB InvIT Fund
IRB InvIT Fund, the publicly listed infrastructure investment trust (InvIT) sponsored by IRB Infrastructure Developers, is set to acquire three road assets at an enterprise value of Rs 8,436 crore from IRB Infrastructure Trust, the sponsor's privately held InvIT. The unitholders of the public InvIT have given their approval to the proposed acquisition of the 100 per cent equity share capital of three special purpose vehicles (SPVs)—Kaithal Tollway Limited, IRB Hapur Moradabad Tollway Limited, and Kishangarh Gulabpura Tollway Limited—from the private InvIT, with a majority of 96 per cent. The transaction was first announced in May this year. The unitholders also approved a fundraise of up to Rs 5,000 crore to undertake the proposed acquisition and the appointment of the sponsor as the project manager of the InvIT to carry out the operations and maintenance (O&M) activities of the three SPVs. These SPVs operate certain stretches of road projects on a design, build, finance, operate and toll (DBFOT) basis and are located in the states of Rajasthan and Uttar Pradesh, spanning approximately 1,800 lane kilometres. The public InvIT and the private InvIT executed a binding term sheet on 30 May 2025 for the acquisition. The proposed acquisitions are subject to the necessary regulatory approvals and compliances and will increase IRB Infrastructure Developers' O&M order book by approximately Rs 3,100 crore. Earlier, in a conversation with Business Standard, an IRB executive had said that IRB Infrastructure Developers aims to unlock capital through an asset transfer strategy between its two InvITs—one private and one public—to bid for toll-operate-transfer (TOT) projects. IRB's private InvIT serves as the development platform for the IRB Group. 'The private InvIT will bid for assets, take on construction risk, and stabilise the asset. Once stabilised, the asset will be transferred to the public InvIT, which will generate a margin of 300 to 400 basis points, typically translating to two times price to book,' said Anil Yadav, director, investor relations, IRB Infrastructure Developers.
Business Standard
10-06-2025
- Business
- Business Standard
IRB Infra toll revenue rises 9% YoY to Rs 581 cr in May'25.
IRB Infrastructure Developers along with its InvIT associate, IRB Infrastructure Trust reported a 9% jump in toll collection to Rs 581 crore in May 2025, compared with Rs 536 crore in May 2024. Amitabh Murarka, deputy CEO, IRB Infrastructure Developers, said, The Y-o-Y Toll Revenue growth of 9% in the second month of FY26 can be primarily attributed to the vacation season across the country. While pre-monsoon rains did have some minor impact on traffic volumes during the latter half of the month, the overall momentum remains strong. This sustained growth trajectory is encouraging and is expected to continue in the coming months, supported by the addition of approximately 4.5 lakh new commercial and passenger vehicles across India in May 2025, along with the expected completion of a few ongoing projects within our portfolio. IRB Infrastructure Developers (IRB) is Indias leading and the largest integrated and first multi-national transport infrastructure developer in roads and highways sector. It operates across multiple business models such as build-operate-transfer (BOT), toll-operate-transfer (TOT), and hybrid annuity model (HAM). The company's consolidated net profit jumped 13.7% to Rs 214.72 crore on 4.3% increase in net sales to Rs 2,149.24 crore in Q4 FY25 over Q4 FY24. The scrip shed 0.06% to Rs 53.12 on the BSE.
Time of India
10-06-2025
- Business
- Time of India
IRB Infrastructure shares in focus after posting 9% YoY growth in May toll revenue
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads IRB Infrastructure Developers share price performance Shares of IRB Infrastructure Developers are expected to be in focus on Tuesday, June 10, after the company, along with its associate IRB Infrastructure Trust , reported a 9% year-on-year growth in toll revenue for May 2025.'Continuing with the encouraging start of a new financial year 2026 and momentum gained in the first month of FY26, the IRB Infrastructure Developers Limited, India's leading and the largest integrated multi-national transport infrastructure developer in the highways sector and its Private InvIT Associate, IRB Infrastructure Trust, India's largest listed Infrastructure Investment Trust have reported an aggregate Y-o-Y Toll Revenue growth of 9% in May 2025,' the company said in a regulatory to the company's update, collective toll revenue for the month stood at Rs 581 crore (Rs 5,812 million), compared to Rs 536 crore (Rs 5,355 million) in May increase highlights continued momentum in traffic growth and operational efficiency across its toll-based highway projects.'The YoY Toll Revenue growth of 9% in the second month of FY26 can be primarily attributed to the vacation season across the country. While pre-monsoon rains did have some minor impact on traffic volumes during the latter half of the month, the overall momentum remains strong. This sustained growth trajectory is encouraging and is expected to continue in the coming months, supported by the addition of approximately 4.5 lakh new commercial and passenger vehicles across India in May 2025, along with the expected completion of a few ongoing projects within our portfolio,' said Amitabh Murarka, Dy. CEO of IRB Infrastructure the past one year, shares of IRB Infrastructure Developers have declined by 31.09%. On a year-to-date (YTD) basis, the stock has fallen 10.76%, while the six-month loss stands at 10.51%. Despite the broader weakness, the stock has shown signs of recovery in the near term, gaining 19.38% over the last three months and 17.67% in the past one month.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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Business Standard
23-05-2025
- Business
- Business Standard
IRB Infra eyes road asset base of Rs 1.4 trn in three years: Senior exec
Company has a strong balance sheet, sees 'immense opportunities' in road monetisation projects Listen to This Article IRB Infrastructure Developers, India's largest road operator, plans to have road assets of Rs 1.4 trillion in three years from a base of Rs 80,000 crore. Growth will largely come from the toll-operate-transfer (TOT) segment, Anil Yadav, director, investor relations, IRB Infra, told 'Business Standard' in an interview in Mumbai. The company will bank on its balance sheet and the government's road asset monetisation programme to bid for TOT projects. 'In the last decade, the road sector saw significant government expenditure. Most projects were funded entirely by the government and were in the engineering, procurement, and construction (EPC) segment, with
Business Standard
20-05-2025
- Business
- Business Standard
IRB Infra Q4 PAT rises 14% YoY to Rs 215 cr
IRB Infrastructure Developers consolidated net profit increased 13.68% to Rs 214.72 crore in Q4 FY25 as against Rs 188.88 crore posted in Q4 FY24. However, revenue from operations rose 4.26% to Rs 2,149.24 crore in the fourth quarter of FY25 as against Rs 2,061.24 crore reported in Q4 FY24. Profit before tax (PBT) stood at Rs 322.53 crore in Q4 FY25, up 4.37% compared to Rs 309.02 crore reported in Q4 FY24. EBITDA in Q4 FY25 was at Rs 1,066 crore, registering a de-growth of 20% from Rs 1,333 crore posted in Q4 FY24. On full year basis, the company reported a consolidated net profit of 6480.68 crore in FY25, steeply higher than Rs 605.82 crore reported in FY24. Revenue from operations rose 2.8% YoY to Rs 7,613.47 crore in FY25. Virendra D. Mhaiskar, chairman & MD, IRB Infrastructure Developers, said, The results are promising, with a strong 23% growth in toll revenue over last year, outpacing the national growth rate of 12.5%. Although the first half was impacted by general elections, we witnessed robust growth in the second half of FY25. The two TOT projects commenced operations during the year, have been encouraging and exceeding estimates. With the Government's push for PPP projects in the Union Budget, we remain enthused and focused on expected higher momentum in BOT and TOT bid line up." IRB Infrastructure Developers (IRB) is one of the leading infrastructure development companies in India in the road and highway sector, with presence in Build-Operate-Transfer (BOT) and HAM space. The company undertakes development of various infrastructure projects in the road sector through several special purpose vehicles. IRB's work spans from the building of roads, highways, bridges, and tunnels; recently, the company diversified its business into the real estate development sector also. Shares of IRB Infrastructure Developers added 0.32% to currently trade at Rs 50.85 crore on the BSE.
