Neutral IRB Infrastructure; target of Rs 30: Motilal Oswal
Motilal Oswal recommended Neutral rating on IRB Infrastructure with a target price of Rs 30 in its research report dated May 20, 2023.24-05-2023
24-05-2023
IRB Infra drops 4% as consolidated net profit falls 25% YoY
IRB Infrastructure Developers reported a 25-percent YoY decline in consolidated net profit to Rs 130.15 crore.22-05-2023
IRB INFRASTRUCTURE DEVELOPERS LTD. - 532947 - Disclosure Under Regulation 23(9) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
In terms of Regulation 23(9) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose disclosure of Related Party Transactions in the prescribed format for the half year ended March 31, 202319-05-2023
IRB INFRASTRUCTURE DEVELOPERS LTD. - 532947 - Record Date For The Purpose Of Interim Dividend Is May 29, 2023
The record date for the purpose of payment of dividend is Monday, May 29, 202319-05-2023
Q4FY23 Quarterly & FY23 Annual Result Announced for IRB Infrastructure Developers Ltd.
Roads & Highways company IRB Infrastructure Developers announced Q4FY23 & FY23 results: Consolidated Income for FY23 rises 5% YoY to Rs 6,703 crore FY23 PAT doubles YoY to Rs 720 crore Declares 2nd Interim Dividend of 7.5% on face value of equity share of Re 1/- each Q4FY23 PAT is Rs 130 crore; Consolidated Income is Rs 1,699 crore Toll revenue including Private InvIT SPVs, in FY23 was 40% higher YoY Toll collection through FASTag crossed 95% mark Construction commenced on Ganga Expressway and Palsit Dankuni BOT projects; and Chittoor Thachur and Pathankot Mandi HAM project Bagged Samakhiyali to Santalpur 6 laning BOT project of 90.90 kms stretch on NH27 with cost outlay of Rs 2,132 crore in the State of Gujarat Completed re-financing of 3 BOT assets under Company’s private InvIT through redeemable non-convertible debentures issued on private placement basis, thereby cashflow saving of Rs 550 crore over the period of 5 years Transferred Vadodara Kim HAM project, which is part of New Delhi Mumbai 8 Lanes Greenfield Expressway and realised 1.2 times of equity invested, to the IRB InvIT Fund, a listed Public InvIT sponsored by the Company Commenting on the occasion, Virendra D. Mhaiskar, Chairman & Managing Director, IRB Infrastructure Developers said, “We experienced vibrant FY23 on all fronts. We bagged new BOT project; started construction of two BOTs and a HAM project; achieved CODs for couple of BOT projects; and witnessed robust growth in toll collection. To add, we transferred a HAM project to the public InvIT; saw investments coming in from our global partner for prestigious Ganga Expressway; we facilitated equity share split to enhance interest of small investors, etc.” He further added, “FY24 looks to be promising, as we had 19% toll revenue growth in first month itself; got another TOT project, taking our share in TOT space to ~37%, the largest by any player in the sector. We expect to continue growth momentum throughout the year.” Result PDF19-05-2023
IRB INFRASTRUCTURE DEVELOPERS LTD. - 532947 - Board Meeting Outcome for Outcome Of The Meeting Of The Board Of Directors Held On May 19, 2023
Outcome of the Meeting of the Board of Directors held on May 19, 202319-05-2023
IRB INFRASTRUCTURE DEVELOPERS LTD. - 532947 - Outcome Of The Meeting Of The Board Of Directors Held On May 19, 2023
Outcome of the Meeting of the Board of Directors held on May 19, 202319-05-2023
IRB INFRASTRUCTURE DEVELOPERS LTD. - 532947 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Company will conduct an earnings call at 04.00 p.m. IST on May 19, 2023.18-05-2023