IRB INFRASTRUCTURE DEVELOPERS LTD. - 532947 - Announcement under Regulation 30 (LODR)-Credit Rating
Please note that India Ratings and Research (Ind-Ra) has upgraded IRB Infrastructure Developers Limited's (IRB) Rating to 'IND AA-' from 'IND A+'. The Outlook is Stable. IRB INFRASTRUCTURE DEVELOPERS LTD. - 532947 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the transcript of the Earnings Call is now made available on the website of the Company at www.irb.co.in. IRB INFRASTRUCTURE DEVELOPERS LTD. - 532947 - Toll Revenue For July 2022 And June 2022 (Reg 30 Of SEBI LODR)
Please find enclosed Project-wise toll revenue for the Months of July 2022, June 2022 & July 2021 for the subsidiaries & Joint venture entities of the Company. IRB beats estimates in Q1FY23, but the stock is expensive
The company is trading at a one year forwardP/E of 26.6 times against its historical average (5 year average) of 11.8 times Q1FY23 Quarterly Result Announced for IRB Infrastructure Developers Ltd.
Roads & Highways firm IRB Infrastructure Developers announced Q1FY23 Result : Promising start of FY23 for IRB Infra; Company posts Q1 PAT at Rs. 363 Crs; Consolidated Income at Rs.1,995 Crs Board approves sale of Vadodara Kim HAM project in the State of Gujarat for consideration of Rs.342 Crs Q1 Toll collections reported jump of ~75% YoY across project portfolio Successfully completed all 9 projects initially transferred to the Private InvIT arm and Toll is being collected at commensurately increased tariff rates. While commenting on the occasion, Mr. Virendra D. Mhaiskar, Chairman & Managing Director, IRB Infrastructure Developers Limited said, “The quarter marks a resounding start to FY23, as we move back to normal business routine. Leaving pandemic impact behind, we have successfully completed all nine assets transferred to Pvt InvIT as well as the first HAM project in IRB’s fold. Further, we have realised a robust 75% YoY growth in toll collections across project portfolio, achieved financial closures for all new wins and started construction thereof.” He added, “We have also set in motion the asset monetisation strategy of our business model and offered Vadodara Kim HAM project to public InvIT. Now our focus is on timely construction completion of the new projects with high safety and quality standards, while effectively exploring upcoming opportunities in the Sector in collaboration with our global partners.” Result PDF
Multibagger stock announces record date for interim dividend for FY 2022-23
IRB Infrastructure Developers Ltd. is a mid-cap company in the infrastructure industry with a market valuation of Rs. 15,142.79 crore.
IRB Infra net profit rises multi-fold to Rs 363 crore in June quarter
The company had clocked a consolidated net profit of Rs 71.91 crore in the corresponding period of the previous fiscal, it said in a regulatory filing. IRB INFRASTRUCTURE DEVELOPERS LTD. - 532947 - Announcement under Regulation 30 (LODR)-Change in Directorate
Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Change in directors IRB INFRASTRUCTURE DEVELOPERS LTD. - 532947 - Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s
Board of Directors of the Company at its meeting held on August 05, 2022 has approved appointment of M/s. M S K A & Associates, Chartered Accountants (Firm Registration No. 105047W), as Joint Statutory Auditors of the Company to hold office from the conclusion of 24th Annual General Meeting (AGM) till the conclusion of 29th AGM of the Company, subject to the approval of the members of the Company. IRB INFRASTRUCTURE DEVELOPERS LTD. - 532947 - Corporate Action-Board approves Dividend
Board of Directors has approved payment of Interim dividend of Rs. 1.25/- per share of face value of Rs. 10/- each (@12.5% of face value of share) for financial year 2022-23. The record date for the purpose of payment of dividend is Wednesday, August 17, 2022. The Interim dividend shall be paid within stipulated timelines as prescribed under law.