Invest
27 Years
4.4 Star
1 Crore +
Roads & Highways construction company IRB Infrastructure Developers announced Q4FY24 & FY24 results:
Q4FY24 Financial Highlights:
- Total Income: Rs 2,504 crore (47% increase from Q4FY23)
- EBITDA: Rs 1,333 crore (59% increase from Q4FY23)
- Profit Before Tax: Rs 445 crore (84% increase from Q4FY23)
- PAT before share of JV: Rs 324 crore (94% increase from Q4FY23)
- Adjusted PAT excluding onetime income before share of JV: Rs 324 crore (94% increase from Q4FY23)
- Share of loss from JV: Rs (135) crore (265% increase from Q4FY23)
- PAT after share of JV: Rs 189 crore (45% increase from Q4FY23)
- Adjusted PAT: Rs 189 crore (45% increase from Q4FY23)
- Cash Profit: Rs 599 crore (54% increase from Q4FY23)
FY24 Financial Highlights:
- Total Income: Rs 8,202 crore (22% increase from FY23)
- EBITDA: Rs 4,125 crore (17% increase from FY23)
- Profit Before Tax: Rs 1,267 crore (7% increase from FY23)
- PAT before share of JV: Rs 921 crore (11% increase from FY23)
- Adjusted PAT excluding onetime income before share of JV: Rs 921 crore (68% increase from FY23)
- Share of loss from JV: Rs (315) crore (194% increase from FY23)
- PAT after share of JV: Rs 606 crore (16% decrease from FY23)
- Adjusted PAT: Rs 606 crore (37% increase from FY23)
- Cash Profit: Rs 1,916 crore (39% increase from FY23)
Commenting on the occasion, Virendra D. Mhaiskar, Chairman & Managing Director, IRB Infrastructure Developers said, “FY24 was an astounding year. We not only received three prestigious TOT awards but also tied up finances, made upfront payment of concession fees to the respective authorities and commenced tolling on these projects well within the set timelines. To add a jewel in the crown, we had another proud moment, when we received ISO certifications from the UK based ISOQAR for our efforts in establishing quality, environment, occupational health, and safety as well as IT security systems in our operations.”
He added, “FY24 unequivocally firmed up our leadership position in the sector as the largest transport infrastructure developer in India’s highway sector in terms of largest projects portfolio, operational lane kilometers, the largest asset base and robust toll revenue growth. With all these credentials and strong support from our global strategic partners along with the high trust of our stakeholders and the ample opportunities available in the Sector, we look forward to a more promising FY25; with this growth momentum continuing in coming year.”
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