Latest news with #IRBInfrastructureTrust
Business Standard
19 hours ago
- Business
- Business Standard
IRB Infra reports 8% YoY jump in Q1 FY26 toll revenue
IRB Infrastructure Developers, along with its InvIT associate IRB Infrastructure Trust, reported combined toll revenue of Rs 1,680 crore for the April-June quarter of FY26, marking an 8% year-on-year increase from Rs 1,556 crore in Q1 FY25. For the month of June 2025, toll collections stood at Rs 544.8 crore, reflecting a 5% year-on-year growth from Rs 517.2 crore in June 2024. The company noted that the early onset of the monsoon this year had a moderate impact on traffic growth during the month. Amitabh Murarka, deputy CEO, IRB Infrastructure Developers, said, It is encouraging to witness sustained growth in toll collections throughout the first quarter of FY26, compared to the same period last yeardespite the early onset of the monsoon in many parts of the country, which had a marginal impact on traffic volumes. He added, Looking ahead, we expect this positive growth trajectory to continue, supported by the anticipated completion of ongoing projects in our portfolio, which will further strengthen revenue visibility. 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 a 4.3% increase in net sales to Rs 2,149.24 crore in Q4 FY25 over Q4 FY24. The scrip slipped 1.39% to settle at Rs 47.62 on Friday, 12 July 2025.
Time of India
04-07-2025
- Business
- Time of India
IRB InvIT Fund unitholders approve acquiring 100% stake in 3 SPVs from IRB Infrastructure Trust
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel New Delhi: The unitholders of IRB InvIT Fund have approved the proposed acquisition of 100 per cent of equity share capital of three special purpose vehicles (SPVs) from IRB Infrastructure Trust , an exchange filing said on Infrastructure Trust is the private InvIT associate of IRB Infrastructure and Developers , while IRB InvIT Fund is a public InvIT arm sponsored by IRB Infrastructure and Infrastructure Trust will transfer its three highway assets , having an enterprise value of around Rs 8,450 crore, to IRB InvIT Fund, IRB Infrastructure and Developers had said in a filing on May company said, "IRB InvIT Fund's unitholders have approved the proposed acquisition of 100 per cent of the equity share capital of 3 SPV from the IRB Infrastructure Trust. The transaction is based on an agreed enterprise value of Rs 8,436 crs as of June 30, 2025."The exchanges that the unitholders of the trust have given their approval to the proposed acquisition of the 100 per cent equity share capital of three SPVs with a majority of 96 per three BOT (build-operate-transfer) highway assets are IRB Hapur Moradabad Tollway, Kaithal Tollway, and Kishangarh Gulabpura D Mhaiskar, Chairman & Managing Director of IRB Infrastructure and Developers, said, "...unitholders of the IRB InvIT Fund have demonstrated their strong trust and confidence in the Fund's growth strategy by passing the resolutions. We remain committed to enhancing unitholder value by actively exploring opportunities to add quality assets to the portfolio."The IRB Infrastructure Developers' operations and maintenance (O&M) order book now is expected to increase by approximately Rs 3,100 crore, taking the total order book to about Rs 33,600 crore after the is India's first integrated infrastructure player in the highways is the country's largest integrated private toll roads and highways infrastructure developer with an asset base of over Rs 80,000 crore in 12 states.
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
30-05-2025
- Business
- Business Standard
IRB InvIT Fund acquires 3 BOT assets from IRB Infra Trust for Rs 4,905 cr
IRB InvIT Fund, India's first listed infrastructure investment trust (InvIT), has signed a binding term sheet with the IRB Infrastructure Trust—the private InvIT associate of IRB Infrastructure Developers—for acquiring its three build–operate–transfer (BOT) highway assets for a consideration of Rs 4,905 crore. A spokesperson for IRB InvIT Fund said, 'This acquisition will be a remarkable milestone, expanding our portfolio to nine projects with the addition of these three high-revenue BOT highway assets and doubling our enterprise value to over Rs 16,000 crore. Our strategy remains focused on enhancing stakeholder value, and we will continue to explore opportunities to acquire lucrative assets, structuring our public InvIT as a perpetual InvIT to ensure sustained long-term value for our stakeholders.' On 8 May, IRB InvIT Fund received a non-binding offer from the IRB Infrastructure Trust to acquire its three BOT assets—Hapur to Moradabad Highway, Kaithal–Rajasthan Highway, and Kishangarh to Gulabpura Highway—admeasuring around 1,800 kilometres, with an aggregate enterprise value of around Rs 8,450 crore and a corresponding equity value of Rs 4,905 crore. IRB InvIT Fund was formed to provide long-term, sustainable returns to unitholders by operating a portfolio of stable road assets. The proposed acquisition aligns with this strategy, as it will increase the weighted average life of the portfolio from approximately 14 years to around 17 years. 'This acquisition not only provides immediate value accretion but also establishes a clear trajectory for sustainable, long-term growth and its credentials as a robust investment platform. The platform's expanding asset base and extended portfolio life are expected to attract a broader pool of capital, further enhancing the InvIT's growth prospects,' the InvIT noted. IRB InvIT Fund is a trust settled by its sponsor, IRB Infrastructure Developers, and is registered under SEBI's InvIT Regulations, 2014.
