Mumbai, May 19
IRB Infrastructure Developers Limited, India’s leading and the largest multi-national integrated transport infrastructure developer in the roads and highways sector has reported 14% Y-o-Y increase in the Net Profit for Q4FY25.
The Company announced its Q4FY25 Financial Results in the Board Meeting held today, in which it reported the Net Profit of Rs. 215 Crs against Rs. 189 Crs for the corresponding quarter of FY24.
For the entire FY25, the Company reported Net Profit of Rs. 677 Crs (excluding exceptional gain), against Rs. 606 Crs in FY24; thus, Y-o-Y rise of 12%; whereas the Total Income for the full FY25 reported is Rs. 8,032 Crs in FY25 as against Rs. 8,202 Crs in FY24; thus, a Y-o-Y decline of 2% due to lower other income.
While commenting on the occasion, Shri Virendra D. Mhaiskar, Chairman & Managing Director of the Company said, “The results are promising, with a strong 23% growth in toll revenue over last year, outpacing the national growth rate of 12.5%. Although the first half was impacted by general elections, we witnessed robust growth in the second half of FY25. The two TOT projects commenced operations during the year, have been encouraging and exceeding estimates. With the Government's push for PPP projects in the Union Budget, we remain enthused and focused on expected higher momentum in BOT and TOT bid line up."
Financial Performance:
Particulars | Q4FY25 (Rs. In Crs) | Q4FY24 (Rs. In Crs) | % Change | FY25 (Rs. In Crs) | FY24 (Rs. In Crs) | % Change |
Total Income | 2,218 | 2,504 | -11% | 8,032 | 8,202 | -2% |
EBITDA | 1,066 | 1,333 | -20% | 4,024 | 4,125 | -2% |
PAT (excluding exceptional gain) | 215 | 189 | 14% | 677 | 606 | 12% |
PAT (including exceptional gain) | 215 | 189 | 14% | 6,481 | 606 | 970% |
Business Performance of FY25:
- Continued with its legacy of being India’s leading and largest multi-national integrated transport infrastructure developer in the roads and highways segment with highest base of operational lane kms spanning 15,500km comprising 18 BOT projects, 4 TOT projects and 4 HAM projects; thus, 26 highways projects in all with an asset base of Rs.80,000 Crs.
- Commissioned Tolling and O&M activities for Lakhnadon Lalitpur NH44 TOT 12 Highway Asset of approx. 315 Kms and Gwalior Jhansi NH44 & Kota Bypass TOT13 Highway Asset of approx. 103 Kms at the very beginning of FY25; thus, taking Company’s share in the North South Highway Connectivity to 12% and overall space of awarded TOT market to approx. 33%. The collection for both projects has been robust and encouraging, exceeding our initial estimates.
- IRB Infra and its Private InvIT clocked approx. 23% Y-o-Y Toll Revenue growth for FY25; surpasses National Y-o-Y Toll Revenue growth of 12.5%; FY25 Toll Revenue is Rs. 6,360 Crs as against Rs. 5,169 Crs in FY24. The group has little over 10 per cent market share of pan India Toll revenue.
- Meerut Budaun Expressway project, which is the part of prestigious Ganga Expressway project was transferred to the IRB Infrastructure Trust, the Private InvIT arm of the Company. The Project has received a Grant aggregating to Rs. 1,290 Crs from Uttar Pradesh Expressways Industrial Development Authority (UPEIDA). The project is progressing as per the scheduled timelines.
- The Company successfully completed the issuance and allotment of the additional Reg S US$200,000,000 7.11% Senior Secured Notes due in 2032, which are to be consolidated and form a single series with US$540,000,000. The Notes are listed on the India International Exchange (IFSC) Limited.
About IRB Infrastructure Developers Ltd:
IRB Infrastructure Developers Ltd (IRB) is India’s first Integrated Multi-National Transport Infrastructure Developer in Roads & Highways segment. The Company has acquired ISO Certification in Quality (ISO 9001); Environment Management (ISO 14001), Occupational Health and Safety (ISO 45001) and IT Security (ISO 27001) from the ISOQAR, United Kingdom.
As the largest integrated private toll roads and highways infrastructure developer in India, IRB has an asset base of approx. Rs.80,000 Crs. in 12 States across the parent company and two InvITs.
The Company has strong track record of constructing, tolling, operating, and maintaining around 18,500 lane Kms pan India in its existence of more than 25 years in India; of which approx.15,500 Lane Kms is under operations at present. The group commands a market share of around 33% in the TOT space. It also comprises around 14% share in the prestigious Golden Quadrilateral Highway Project and 12% share in India’s North South highway connectivity.
After successfully completing 13 Concessions and handing over them to the nodal agencies, at present, IRB Group’s project portfolio (including Private and Public InvIT) has now 26 road projects that include 18 BOT, 4 TOT, and 4 HAM projects.
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