The shares of India’s leading and largest integrated multi-national transport infrastructure developer in the roads sector rose 6.5 percent to a 52-week high of Rs 40.95 per share after the business reported a 20 percent rise in toll collection year on year in November.
At 11:35 a.m., IRB Infrastructure Developers Ltd shares were trading at Rs 39.65 a share, up Rs 1.20 or 3.12 percent from the previous close price on the Exchange, and the company has a market capitalization of Rs 23,914 crores.
IRB Infrastructure Developers Limited and the IRB Infrastructure Trust (Private InvIT) collected Rs. 4,370 million in tolls in November 2023, compared to Rs. 3,660 million in the same month in 2022, representing a 20% increase year on year. According to the company filing with the exchange.
IRB Infrastructure Developers Ltd (IRB) is India’s first Integrated Multi-National Transport Infrastructure Developer specializing in roads and highways. As India’s largest private toll road and highway infrastructure developer. It also operates in other infrastructure-related business categories such as road maintenance, building, airport development, and real estate.
IRB Infrastructure Developers shares have gained a return of 41 percent in the last six months and 38 percent in a year.
IRB has an asset base of over Rs.75,000 crores in 12 States across the parent company and two InvITs.The Company has a strong track record of constructing, tolling, operating, and maintaining around 18,500 lanes Kms pan India in its existence 25 years in India.
The company has around 20 percent share in India’s prestigious Golden Quadrilateral project, which is the largest by any private infrastructure developer in India. In the TOT space, the group commands a market share of around 42 percent.
The Company’s revenue increased 30 percent yearly, from Rs 1,342 crores in Q1FY23 to Rs 1,745 crores in Q1FY24. Net Profit increased by 57 percent during the same period, from Rs 109 crores to Rs 171 crores.
The IRB Group’s project portfolio (containing Private and Public InvIT) presently includes 25 road projects, including 18 BOT, 3 TOT, and 4 HAM projects.
Written by Omkar Chitnis
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