Shares of IRB Infrastructure Developers rose nearly 3% after the company reported a 45.1% year-on-year increase in net profit for the quarter ended March 31, 2024.
IRB Infrastructure Developers posted a net profit of ₹188.9 crore in the fourth quarter, compared to ₹130.2 crore in the same period last year. The company’s revenue from operations increased 27.2% to ₹2,061.2 crore, up from ₹1,620 crore in the previous fiscal year.
At the operating level, IRB Infrastructure Developers’ EBITDA (earnings before interest, tax, depreciation, and amortization) grew 17.3% to ₹889.9 crore in the fourth quarter, compared to ₹758.7 crore in the corresponding period of the previous fiscal year.
However, the company’s EBITDA margin stood at 43.2% in the reporting quarter, lower than 46.8% in the same period of the previous fiscal year.
As of 10:30 am, shares of IRB Infrastructure Developers were trading 2.57% higher at ₹67.75 on the National Stock Exchange (NSE).