Latest news with #IRBInfrastructureTrust
Business Standard
3 days ago
- Business
- Business Standard
IRB Infra toll revenue rises 9% YoY to Rs 581 cr in May'25.
IRB Infrastructure Developers along with its InvIT associate, IRB Infrastructure Trust reported a 9% jump in toll collection to Rs 581 crore in May 2025, compared with Rs 536 crore in May 2024. Amitabh Murarka, deputy CEO, IRB Infrastructure Developers, said, The Y-o-Y Toll Revenue growth of 9% in the second month of FY26 can be primarily attributed to the vacation season across the country. While pre-monsoon rains did have some minor impact on traffic volumes during the latter half of the month, the overall momentum remains strong. This sustained growth trajectory is encouraging and is expected to continue in the coming months, supported by the addition of approximately 4.5 lakh new commercial and passenger vehicles across India in May 2025, along with the expected completion of a few ongoing projects within our portfolio. IRB Infrastructure Developers (IRB) is Indias leading and the largest integrated and first multi-national transport infrastructure developer in roads and highways sector. It operates across multiple business models such as build-operate-transfer (BOT), toll-operate-transfer (TOT), and hybrid annuity model (HAM). The company's consolidated net profit jumped 13.7% to Rs 214.72 crore on 4.3% increase in net sales to Rs 2,149.24 crore in Q4 FY25 over Q4 FY24. The scrip shed 0.06% to Rs 53.12 on the BSE.
Time of India
3 days ago
- Business
- Time of India
IRB Infrastructure shares in focus after posting 9% YoY growth in May toll revenue
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads IRB Infrastructure Developers share price performance Shares of IRB Infrastructure Developers are expected to be in focus on Tuesday, June 10, after the company, along with its associate IRB Infrastructure Trust , reported a 9% year-on-year growth in toll revenue for May 2025.'Continuing with the encouraging start of a new financial year 2026 and momentum gained in the first month of FY26, the IRB Infrastructure Developers Limited, India's leading and the largest integrated multi-national transport infrastructure developer in the highways sector and its Private InvIT Associate, IRB Infrastructure Trust, India's largest listed Infrastructure Investment Trust have reported an aggregate Y-o-Y Toll Revenue growth of 9% in May 2025,' the company said in a regulatory to the company's update, collective toll revenue for the month stood at Rs 581 crore (Rs 5,812 million), compared to Rs 536 crore (Rs 5,355 million) in May increase highlights continued momentum in traffic growth and operational efficiency across its toll-based highway projects.'The YoY Toll Revenue growth of 9% in the second month of FY26 can be primarily attributed to the vacation season across the country. While pre-monsoon rains did have some minor impact on traffic volumes during the latter half of the month, the overall momentum remains strong. This sustained growth trajectory is encouraging and is expected to continue in the coming months, supported by the addition of approximately 4.5 lakh new commercial and passenger vehicles across India in May 2025, along with the expected completion of a few ongoing projects within our portfolio,' said Amitabh Murarka, Dy. CEO of IRB Infrastructure the past one year, shares of IRB Infrastructure Developers have declined by 31.09%. On a year-to-date (YTD) basis, the stock has fallen 10.76%, while the six-month loss stands at 10.51%. Despite the broader weakness, the stock has shown signs of recovery in the near term, gaining 19.38% over the last three months and 17.67% in the past one month.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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Business Standard
30-05-2025
- Business
- Business Standard
IRB InvIT Fund acquires 3 BOT assets from IRB Infra Trust for Rs 4,905 cr
IRB InvIT Fund, India's first listed infrastructure investment trust (InvIT), has signed a binding term sheet with the IRB Infrastructure Trust—the private InvIT associate of IRB Infrastructure Developers—for acquiring its three build–operate–transfer (BOT) highway assets for a consideration of Rs 4,905 crore. A spokesperson for IRB InvIT Fund said, 'This acquisition will be a remarkable milestone, expanding our portfolio to nine projects with the addition of these three high-revenue BOT highway assets and doubling our enterprise value to over Rs 16,000 crore. Our strategy remains focused on enhancing stakeholder value, and we will continue to explore opportunities to acquire lucrative assets, structuring our public InvIT as a perpetual InvIT to ensure sustained long-term value for our stakeholders.' On 8 May, IRB InvIT Fund received a non-binding offer from the IRB Infrastructure Trust to acquire its three BOT assets—Hapur to Moradabad Highway, Kaithal–Rajasthan Highway, and Kishangarh to Gulabpura Highway—admeasuring around 1,800 kilometres, with an aggregate enterprise value of around Rs 8,450 crore and a corresponding equity value of Rs 4,905 crore. IRB InvIT Fund was formed to provide long-term, sustainable returns to unitholders by operating a portfolio of stable road assets. The proposed acquisition aligns with this strategy, as it will increase the weighted average life of the portfolio from approximately 14 years to around 17 years. 'This acquisition not only provides immediate value accretion but also establishes a clear trajectory for sustainable, long-term growth and its credentials as a robust investment platform. The platform's expanding asset base and extended portfolio life are expected to attract a broader pool of capital, further enhancing the InvIT's growth prospects,' the InvIT noted. IRB InvIT Fund is a trust settled by its sponsor, IRB Infrastructure Developers, and is registered under SEBI's InvIT Regulations, 2014.
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Business Standard
30-05-2025
- Business
- Business Standard
IRB board approves asset transfer to InvIT fund worth Rs 8,450 crore
The IRB Infrastructure and Developers board on Friday approved a proposal to transfer three road assets of IRB Infrastructure Trust to IRB InvIT Fund. The three BOT assets -- IRB Hapur Moradabad Tollway, Kaithal Tollway and Kishangarh Gulabpura Tollway -- have an enterprise value of Rs 8,450 crore, IRB Infrastructure and Developers said in an exchange filing. "Further to the non-binding offer exchanged on 8th May 2025, IRB Infrastructure Trust and IRB InvIT Fund have now executed a binding term sheet to transfer three BOT (build-operate-transfer) Highway Assets from former to later," it said. The three sell three BOT highway assets with enterprise value of about Rs 8,450 crore. Virendra D Mhaiskar, Chairman & Managing Director of the company, said, "The company and IRB Infrastructure Trust can leverage deal proceeds to fund future sector opportunities almost 2x the size of assets being transferred." He further said this development propels the company towards its goal of achieving Rs 1,40,000 crore asset base in three years. IRB is India's first integrated infrastructure player in the highways segment. It is the country's largest integrated private toll roads and highways highways infrastructure developer with an asset base of over Rs 80,000 crore in 12 states. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Economic Times
30-05-2025
- Business
- Economic Times
IRB board gives nod to asset transfer worth Rs 8,450 crore
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The IRB Infrastructure and Developers board on Friday approved a proposal to transfer three road assets of IRB Infrastructure Trust to IRB InvIT Fund The three BOT assets -- IRB Hapur Moradabad Tollway, Kaithal Tollway and Kishangarh Gulabpura Tollway -- have an enterprise value of Rs 8,450 crore, IRB Infrastructure and Developers said in an exchange filing."Further to the non-binding offer exchanged on 8th May 2025, IRB Infrastructure Trust and IRB InvIT Fund have now executed a binding term sheet to transfer three BOT (build-operate-transfer) Highway Assets from former to later," it three sell three BOT highway assets with enterprise value of about Rs 8,450 D Mhaiskar, Chairman & Managing Director of the company, said, "The company and IRB Infrastructure Trust can leverage deal proceeds to fund future sector opportunities almost 2x the size of assets being transferred."He further said this development propels the company towards its goal of achieving Rs 1,40,000 crore asset base in three is India's first integrated infrastructure player in the highways segment. It is the country's largest integrated private toll roads and highways highways infrastructure developer with an asset base of over Rs 80,000 crore in 12 states.
