Published on August 6, 2022
Mumbai : IRB Infrastructure Developers Ltd., India’s first integrated multi-national infrastructure player in highways sector, has posted first quarter PAT at Rs.363 Crs and consolidated income Rs.1,995 Crs; up 405% and 19% YoY respectively.
The Company today announced its financial results for the first quarter ended 30th June 2022 of the financial year 2022-23, in a Board Meeting, held at Mumbai.
Particulars | Q1FY23 (In Crs) | Q1FY22 (In Crs) |
Total Income | 1995 | 1,670 |
EBITDA | 1131 | 745 |
Finance costs | 385 | 468 |
Depreciation and amortisation | 203 | 136 |
Profit Before Tax | 543 | 141 |
PAT before share of JV | 397 | 106 |
Share of Profit (Loss) from JV | (34) | (34) |
PAT after share of JV | 363 | 72 |
Cash Profit | 600 | 242 |
Toll Collections for Q1FY23 v/s Q1FY22:
(Amount in Rs. Crores)
Months | IRB Infra Projects | Private InvIT Projects | Total | % Change | |||
Q1FY23 | Q1FY22 | Q1FY23 | Q1FY22 | Q1FY23 | Q1FY22 | ||
April | 166.96 | 114.81 | 160.08 | 81.83 | 327.04 | 196.64 | 66.31% |
May | 180.87 | 101.31 | 162.64 | 62.01 | 343.51 | 163.32 | 110.33% |
June | 169.96 | 129.76 | 159.16 | 83.10 | 329.12 | 212.86 | 54.62% |
Total | 517.79 | 345.88 | 481.88 | 226.94 | 999.67 | 572.82 | 74.52% |
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.”