The share price of this infrastructure development and construction company surged up to 2.5 percent to an intraday high of Rs 69.79 per share after the company’s toll revenues grew by 35 percent YoY to Rs 517 crores in June 2024.
Share price movement:
With a market capitalization of Rs 41,083 crores, the shares of IRB Infrastructure Developers fell by 0.18 percent, closing at Rs 68.03 per share on Thursday. The stocks of this company generated a multi-bagger return of 161 percent over the past year and 49 percent over the past 6 months.
What happened:
According to the IRB Infrastructure Developers Limited’s stock exchange filings, the firm has provided an update regarding its monthly toll revenue collection where the toll revenue of IRB limited rose 35 percent YoY from Rs 383 crores in June 2023 to Rs 517 crores in June 2024.
The exchange filings also mention that The Q1FY25 toll revenue stood at Rs. 1,556 Crores against Rs 1,183 crores in Q1FY24, demonstrating a YoY growth of 32 percent.
Financials:
Reviewing the financials of IRB Infrastructure Developers Limited on a year-on-year basis, the revenues rose by 16 percent from Rs 6,402 crores in FY23 to Rs 7,409 crores in FY24. In the same time frame, the net profits decreased from Rs 720 crores to Rs 606 crores, demonstrating a 16 percent decrease.
The company’s revenue increased at a compounded annual growth rate (CAGR) of 6 percent from Rs 600 crores in 2009 to Rs 5,700 crores in 2024. Over the same period, EBITDA also grew at a CAGR of 21 percent, rising from Rs 100 crores in 2009 to Rs 1,900 crores in 2024.
In terms of the margin ratios for the year 2024, it has reported an operating margin of 42.24 percent and a net profit margin of 12.42 percent.
Order Book and asset base:
The Total order book of IRB Infrastructure Developers Limited stood at Rs 34,800 crores. The firm has an asset base of approximately Rs 80,000 crores in 12 States across the parent company and two InvITs.
Market share:
IRB Infrastructure Developers command a market share of around 38 percent in the Toll-Operate-Transfer (TOT) space.
Project Portfolio:
IRB Group’s project portfolio, including projects under Private and Public Infrastructure Investment Trusts (InvIT) which consists of a total of 26 road projects. These include 18 Build-Operate-Transfer (BOT), 4 Toll-Operate-Transfer (TOT), and 4 Hybrid Annuity Model (HAM) projects.
About the Company:
IRB Infrastructure Developers Ltd is an infrastructure development and construction company in India with extensive experience in the roads and highways sector. It is also in other business segments in the infrastructure sector, including maintenance of roads, construction, airport development, and real estate.
Written By Zahal
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