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Hot Pursuit News

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(08 May 2024, 12:06)

IRB Infra rises as Q4 PAT grows 45% YoY to Rs 189 cr

IRB Infrastructure Developers rallied 3.14% to Rs 68.09 after the company reported 45.12% jump in consolidated net profit to Rs 188.88 crore on 27.24% increase in revenue from operations to Rs 2,061.24 crore in Q4 FY24 over Q4 FY23.


Profit before tax climbed 50.37% year on year to Rs 309.02 crore in the quarter ended 31 March 2024.

EBITDA in Q4 FY24 was at Rs 1,333 crore, registering a growth of 59.07% from Rs 838 crore posted in Q4 FY23.

The company and its associate IRB Infrastructure Trust (Private InvIT) collectively reported 24% YoY growth in the toll collection for FY24

On full year basis, the company's consolidated net profit declined 15.86% to Rs 605.81 crore despite of 15.74% increase in revenue to Rs 7,409 crore in FY24 over FY23.

Meanwhile, the company has declared third interim dividend of Re 0.10 per equity share for FY24. The record date for the purpose of payment of dividend is Wednesday, 15 May 2024.

Virendra D. Mhaiskar, chairman & managing director, IRB Infrastructure D...

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