During Saturday’s trading session, shares of one of the largest private roads and highways listed integrated infrastructure developers in India surged nearly 6.2 percent to Rs. 60.9 on BSE, after reporting a rise in net profit by 5926 percent QoQ and 3115.6 percent YoY in Q3 FY2
With a market cap of Rs. 35,569.7 crores, at 10:33 a.m., the shares of IRB Infrastructure Developers Limited were trading in the green at Rs. 58.9, up by around 2.7 percent, as compared to its previous closing price of Rs. 57.33.
What’s the news
The fluctuations in the share prices were observed after IRB Infrastructure Developers Limited announced the financial results for Q3 FY25, through the recent filings with the stock exchange
For Q3 FY25, IRB Infra reported total revenue from operations of Rs. 2,025.4 crores, registering a significant growth of around 27.7 perce QoQ from Rs. 1,585.8 crores in Q2 FY25, and a rise of about 3 percent YoY from Rs. 1,968.5 crores in Q3 FY24.
The company’s net profit for Q3 FY25 to Rs. 6,026 crores, representing growth of around 5926 percent QoQ from Rs. 100 crores in Q2 FY25, and a year-on-year increase of nearly 3115.6 percent from Rs. 187.4 crores in Q3 FY24.
EBITDA for Q3 FY25 rose to Rs. 1,049.2 crores, reflecting a robust 12 percent QoQ compared to Rs. 932.5 crores in Q2 FY25.
Additionally, the company’s Board has declared a third interim dividend of Re. 0.1 per equity share of the face value of Re. 1 each.
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Financial Highlights for Q3 FY25
Toll Revenue growth of ~21 percent YoY across projects in Private InvIT, Mumbai Pune & Ahmedabad Vadodara for Q3 FY25.
Ganga Expressway Project has received three tranches of Grant aggregating to Rs. 870 crores from UPEIDA. The project is progressing as per the scheduled timelines.
Projects Vadodara Mumbai Expressway (Pkg-7) HAM and Palsit Dankuni BOT are nearing completion.
Stock Performance
The stock has delivered negative returns of nearly 14 percent in one year. Similarly, the shares of IRB Infra have given negative returns of about 2 percent in the last one month.
About the Company
IRB Infrastructure Developers Limited 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 Shivani Singh
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