A Levelling Of Pandemic Spikes Boosts IRB Infrastructure's Fourth-Quarter Net Revenue By 79%
In the fourth quarter of 2022, IRB Infrastructure Developers Ltd recorded a 79.04 per cent increase in its consolidated net profit to Rs 175 crore. IRB Infrastructure Developers reported a net profit of Rs 97.45 crore in the prior quarter in a BSE filing.
The company's overall revenue for the first three months of the year climbed from Rs 1,650.40 crore to Rs 1,682.72 crore. The company spent Rs. 1,379.90 crore last year, down from Rs. 1,474.27 crore the year before.
Financial and toll collection data show that economic activity is picking up throughout the country, after the lifting of COVID-19 restrictions, according to a statement from the firm. "We observed a significant improvement in collections across projects as the pandemic related limitations were eased and farmer's protest was called off," IRB Infrastructure Developers Ltd Chairman and Managing Director Virendra D. Mhaiskar said.
"We are back on a growth trajectory and will continue to execute our best approach to unlock value on a regular basis to realise returns for our shareholders," he remarked.
Tushar Kawedia, the CFO of IRB Infrastructure Developers, stated, “It's a great time to be a CFO." "Because of our strong order book, we expect to increase our revenue in FY23 by at least 15%. This year's aim would be at least 20% more than what we accomplished in FY22, thanks to an order book of about Rs 16,000 crore that includes both EPC and O&M.”Current Issue
01-2026
