IRB Infrastructure Developers Limited announced its Q3 FY25 financial results, showcasing an 18% YoY increase in net profit (excluding exceptional gains) to Rs. 222 crores, up from Rs. 187 crores in Q3 FY24. The company also declared a 3rd interim dividend of 10% amounting to Rs. 60.3 crores for Q3 FY25.
Key Financial Highlights:
- Total Income: Rs. 2,090 crores, up 1% YoY from Rs. 2,077 crores.
- EBITDA: Rs. 1,049 crores, a 7% increase from Rs. 978 crores in Q3 FY24.
- Profit Before Tax: Rs. 323 crores, up 10% YoY from Rs. 294 crores.
- PAT, including Exceptional Gains: Rs. 6,026 crores (31x growth).
- PAT, excluding Exceptional Gains: Rs. 222 crores, marking an 18% YoY rise.
Exceptional Gain and Strategic Initiatives:
The company recognized a one-time exceptional gain of Rs. 5,804 crores during the quarter due to asset monetization. IRB’s Private InvIT offered five matured assets worth Rs. 15,000 crores to the Public InvIT, expected to close by the first half of FY26.
Business Performance:
- Aggregate toll collection: Rs. 1,655 crores, up 21% YoY from Rs. 1,373 crores.
- Dividend update: The total dividend declared for the first nine months of FY25 stands at Rs. 181.1 crores.
- Private InvIT distribution: IRB will receive Rs. 27.51 crores in Q3, taking the cumulative distribution to Rs. 96.88 crores for 9M FY25.
- Meerut Budaun Expressway update: The project has been transferred to IRB Infrastructure Trust (Private InvIT) as part of the Ganga Expressway Greenfield BOT Project.
Chairman’s Statement:
Virendra D. Mhaiskar, Chairman & Managing Director, highlighted the company’s strong asset portfolio, emphasizing the 21% growth in toll revenue. He also expressed optimism about participating in government-initiated Build-Operate-Transfer (BOT) and Toll-Operate-Transfer (TOT) projects, supporting the company’s future growth trajectory.
