IRB Infrastructure Developers Ltd

(IRB)

IRB Infrastructure Pursues Asset Rotation Strategy - 19 Nov, 2024

IRB Infrastructure is offering five matured highway assets to its InvIT Fund to unlock value and capitalize on growth opportunities. The total enterprise value of these assets is over ₹16,000 crore. The company aims to leverage government monetization plans and expects robust toll revenue growth, with collections reaching ₹540 crore in October 2024. IRB's shares have risen 26% over the past year.

IRB Infra Stock Performance on November 14, 2024 - 17 Nov, 2024

On November 14, 2024, IRB Infra's stock closed at ₹47.76, 16.68% below its 52-week high and 37.46% above its 52-week low. The stock traded between ₹47.61 and ₹49.49 with a significant trading volume of 1,76,59,040 shares.

IRB Infra Stock Faces Correction Amid Recommendations - 15 Nov, 2024

IRB Infrastructure Developers Ltd saw a 1.53% drop in stock price, closing at Rs 47.78. Analyst Sneha recommends exiting the stock for short-term investors, despite a Year-To-Date return of 14.17% in 2024.

IRB Infrastructure Trust Proposes Asset Transfer - 14 Nov, 2024

IRB Infrastructure Trust has made a non-binding offer to transfer five matured highway assets to the IRB InvIT Fund. The company reported a 21% rise in toll revenue for October 2023, indicating strong financial performance.

IRB Infrastructure Reports Strong Toll Collection Growth - 09 Nov, 2024

IRB Infrastructure Developers Ltd. reported a 21% YoY increase in toll collections for October 2024, totaling Rs 539.60 crore. The company has a robust order book of Rs 33,600 crore and a market cap exceeding Rs 31,000 crore, indicating a positive outlook for its financial performance.

IRB Infrastructure Reports Strong Toll Revenue Growth - 08 Nov, 2024

IRB Infrastructure Developers Ltd. announced a 21% increase in toll revenue to Rs 539.6 crore in October, attributed to festive season travel and strong performance from major projects.

HDFC Securities Maintains Add Call on IRB Infrastructure - 05 Nov, 2024

HDFC Securities has an 'add' call on IRB Infrastructure Developers with a target price of Rs 69. The company reported a net profit of Rs 183.59 crore, despite a decline in total income. The outlook remains positive due to expected NHAI orders and opportunities in PPP projects.

IRB Infrastructure Plans Major Asset Expansion - 03 Nov, 2024

IRB Infrastructure Developers aims to expand its asset base by Rs 200,000 crore by 2032, targeting a 10% share of the Rs 20 trillion PPP opportunity in national highway development.

IRB Infrastructure Reports Mixed Q2 Earnings Results - 31 Oct, 2024

IRB Infrastructure Developers reported a 4% rise in net profit for Q2 FY25 despite a 9% decline in revenue. The stock faced pressure, dropping 4% amid concerns over earnings performance. EBITDA margins improved, indicating operational efficiency, but overall revenue decline raised investor concerns.

IRB Infrastructure Reports Profit Rise Amid Revenue Decline - 30 Oct, 2024

IRB Infrastructure Developers announced a 4% increase in consolidated net profit for Q2 FY25, reaching ₹99.86 crore, despite a 9% drop in revenue. The company declared a dividend, reflecting confidence in future performance.