IRB Infrastructure Developers Limited — Important, 21-11-2024: Updates

IRB Infrastructure Developers has announced a board meeting, approving the unaudited consolidated and standalone financial results for the quarter and half-year ending September 30, 2024. Key highlights include a net profit increase to ₹100 crore, a 4% year-on-year rise compared to ₹96 crore in the same quarter last year. However, total income dropped 7% to ₹1,752 crore from ₹1,875 crore in Q2FY24, alongside a slight EBITDA growth of 1%. The board declared a second interim dividend of ₹0.10 per equity share, with a record date set for November 8, 2024.

Investors should note the 25% rise in toll collections, reflecting robust business performance despite weather-related disruptions. Given the current momentum and upcoming seasonal demand surge, the company's outlook remains positive. The total assets of the company stood at ₹4,48,221 crore as of September 30, 2024, with a debt-to-equity ratio of 1.03:1. Stay tuned for developments as the company progresses on its growth trajectory.