IRB Infra Q1 revenue rise 13% YoY aided by higher toll collection; check details

IRB Infra shares hit a high of ₹63.19 per share, up by nearly 2% from the previous close on NSE in morning trade. However, the stock pared early gains to close 0.53% higher at ₹62.30 apiece on the NSE.

India’s leading and the largest integrated multi-national infrastructure developer company in the highways sector reported a net profit of ₹140 crore in the first quarter of FY25 compared to ₹134 crore in the corresponding quarter of FY24, reflecting growth of 4.47%.

Consolidated income rose by 13.4% to ₹1,853 crore in the June quarter under review compared to ₹1,634 crore in the same quarter of FY24.

Its operating profit, or EBITDA, rose to ₹976 crore in the June quarter of FY25 compared to ₹889 crore in the year-ago period.

The company witnessed robust momentum in toll collection, especially with the newly added assets to the portfolio. Toll collection rose by 32% to ₹1556 crore in the first quarter of FY25 compared to ₹1,183 crore in the June quarter of FY24. FASTag collection comprised around 96% of the total toll collection.

“In line with the robust GDP forecast, the government’s continued focus on PPP projects and several upcoming opportunities in the sector, with our strong financials and execution capabilities, we look forward to grow further,” Virendra D. Mhaiskar, Chairman and Managing Director, IRB Infrastructure Developers said in the company’s earnings statement.

IRB Infrastructure Trust also declared the 1st distribution of ₹72.4 crore at the rate of ₹0.65 per unit for Q1FY25, which includes ₹0.25 per unit as Interest and ₹0.40 per unit as Return on Capital.

As the largest integrated private toll roads and highways infrastructure developer in India, IRB has an asset base of approx. ₹80,000 crore in 12 states across the parent company and two InvITs.