NEW DELHI, Aug 8
IRB Infrastructure Developers, a prominent player in India’s infrastructure sector, is poised to release its Q1 results tomorrow, August 9, 2024. This quarterly update is eagerly awaited by investors, analysts, and industry watchers as it will provide a detailed view of the company’s financial performance and operational progress for the first quarter of the fiscal year.
IRB Infrastructure Developers Ltd. is the largest integrated and first multi-national transport infrastructure developer in roads and highways sector, with major presence in the Build-Operate-Transfer (BOT) space, according to its website.
As India’s largest integrated private toll roads and highways infrastructure developer, IRB has an asset base exceeding Rs 80,000 crore across 12 states.
‘Move to create world-class infra & make industry competitive’
While the exact timing of the results’ release has not been specified, these updates are typically made available either before the market opens or after trading hours, in line with standard financial reporting practices. As such, it is essential to stay alert to official announcements from the company for the precise timing.
To access the Q1 results and detailed financial statements, you should monitor IRB Infrastructure’s official website. The company will publish its results along with any accompanying press releases and investor presentations there. You can find it here: https://www.irb.co.in/ home/results/
Along with this, all financial news platforms, including financialexpress.com, will also provide real-time updates and expert analysis on the results.
For a more interactive experience, consider joining any investor calls or webinars that IRB Infrastructure might host in conjunction with the results announcement. These sessions often offer deeper insights into the company’s performance and future outlook, with opportunities to ask questions directly to the management team.
Moreover, keeping an eye on major stock exchange websites, like the NSE and BSE, will also be useful, as they frequently update their listings with new financial disclosures and relevant information.
As of 3:59 PM on Thursday, each share of IRB Infrastructure Developers traded at Rs 63.74 on the NSE, and Rs 63.72 on the BSE.
IRB Infrastructure Developers last quarter performance
IRB Infrastructure Developers reported a notable 45% increase in consolidated net profit for the March 2024 quarter, reaching Rs 188.87 crore compared to Rs 130.15 crore in the same period last year. This growth was driven by a substantial rise in total income, which surged to Rs 2,504.49 crore from Rs 1,698.91 crore. However, total expenses also increased to Rs 2,060.15 crore, up from Rs 1,456.65 crore.
For the fiscal year 2023-24, the company’s consolidated net profit stood at Rs 605.81 crore, down from Rs 720.01 crore in FY23. Total income for the year rose to Rs 8,201.76 crore, up from Rs 6,703.31 crore the previous year.
