IRB Infrastructure Developers Ltd (IRB)

IRB Infrastructure Developers to Trade Ex-Dividend - 11 May, 2024

IRB Infrastructure Developers is set to trade ex-dividend in the next three days, with a dividend payment of ₹0.10 per share. The company distributed ₹0.27 to shareholders last year, resulting in a trailing yield of around 0.4% on the current share price of ₹62.65. Investors need to investigate whether IRB Infrastructure Developers can afford its dividend and if it could grow.

IRB Infrastructure Reports Strong Q4 Results - 09 May, 2024

IRB Infrastructure Developers reports a strong Q4 with a 27.24% YoY increase in revenue and 45.12% YoY increase in profit. The company has declared an interim dividend of ₹0.1. As of May 9, 2024, the consensus recommendation is to Buy.

IRB Infra Reports Strong Q4 Results - 08 May, 2024

IRB Infrastructure Developers Ltd reported a strong Q4 FY24 with consolidated income growing by 47% and operating profit jumping 59%. The company declared a third interim dividend for the financial year 2023-24. Shares rose as much as 4.3%.

IRB Infrastructure Reports Strong Q4 Results and Toll Revenue Growth - 07 May, 2024

IRB Infrastructure Developers reported a 45% rise in consolidated net profit for the March 2024 quarter and a 29% YoY increase in toll revenue collection for April 2024. The company paid Rs 181 crore as dividend for FY24. IRB has added two more toll-operate-transfer assets to its portfolio, with an executable sum of around Rs 10,000 crore for the next two years in their order book.

IRB Infrastructure Commits Largest Share of Investments for Road Capacity Expansion - 29 Apr, 2024

IRB Infrastructure Developers plans to invest around Rs 10,000-12,000 crore in the current financial year for adding road capacity through Build Operate Transfer (BOT) mode. The company believes BOT will come back in a big way this financial year as the economy is expected to enter a lower interest rate regime which will make Hybrid Annuity Model (HAM) less attractive.

ICRA Expects Rise in Road Execution for FY25 - 17 Apr, 2024

IRB Infrastructure Developers Ltd may benefit from ICRA's projection of a 5-8% increase in road execution during FY25, supported by the GoI increasing its capital outlay and MoRTH prioritizing project completion.

IRB Infrastructure Developers Ltd Shares Gain 34% in 30 Days - 13 Apr, 2024

IRB Infrastructure Developers Ltd shares have gained 34% in the last thirty days, with an annual gain of 155%. Despite a high P/E ratio of 75.1x, investors are optimistic about the company's anticipated earnings growth of 72% next year, which is significantly higher than the broader market forecast of 24%.