Latest news with #VirendraD.Mhaiskar
Business Upturn
04-07-2025
- Business
- Business Upturn
IRB Infrastructure unitholders approve Rs 8,436 crore acquisition of three DBFOT SPVs from company's private InvIT
IRB Infrastructure Developers Limited announced that the unitholders of its publicly listed infrastructure investment trust, IRB InvIT Fund, have approved the acquisition of three BOT (Build-Operate-Transfer) road project SPVs from IRB Infrastructure Trust, a private InvIT associated with the company. The three SPVs—IRB Hapur Moradabad Tollway Limited, Kaithal Tollway Limited, and Kishangarh Gulabpura Tollway Limited—are involved in DBFOT (Design, Build, Finance, Operate and Transfer) road projects. The transaction, based on a binding term sheet executed on May 30, 2025, carries an enterprise value of Rs 8,436 crore as of June 30, 2025. The acquisition was approved by approximately 96% of the unitholders of IRB InvIT Fund. Alongside this, the unitholders also approved a fund raise to support the acquisition and confirmed the appointment of the Sponsor as the project manager to handle operations and maintenance for the acquired assets. Virendra D. Mhaiskar, Chairman & Managing Director of the Sponsor stated, 'We are truly grateful to all the unitholders of the IRB InvIT Fund for demonstrating their strong trust and confidence in the Fund's growth strategy by passing the resolutions,' he added. 'We remain committed to enhancing unitholder value by actively exploring opportunities to add quality assets to the portfolio.' The proposed acquisition is expected to increase the Sponsor's O&M order book by approximately Rs 3,100 crore. Completion of the deal remains subject to regulatory approvals and compliance with applicable norms. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
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.
