IRB Infrastructure Developers Ltd Share Price (IRB)

IRB Infrastructure Developers' Order Book Stands at Rs 33,700 Crore - 27 Sep, 2023

IRB Infrastructure Developers leads with an asset base exceeding Rs 70,000 crore across 11 states. The company's order book stands at Rs 33,700 crore for Q1FY24, leading to a revenue CAGR of 13% from FY23 to FY25.

IRB Infrastructure Developers' SPV Achieves Financial Closure for NH-27 Project - 22 Sep, 2023

Samakhiyali Tollway, an IRB Infrastructure Developers' special purpose vehicle, has achieved financial closure for the Rs 2,092 crore project of upgradation to six lanes with paved shoulder of NH-27 in Gujarat.

CRISIL assigns 'CRISIL AA-/Stable' rating to IRB Infrastructure's NCDs and bank facilities - 13 Sep, 2023

CRISIL Ratings has assigned a 'CRISIL AA-/Stable' rating to the Rs 258 crore non-convertible debentures (NCDs) of IRB Infrastructure Developers Ltd, while reaffirming its rating on the Rs 1,200 crore bank facilities at 'CRISIL AA-/Stable/CRISIL A1+'. The ratings reflect IRBIDL's strong financial risk profile, supported by strong operating performance, adequate order book, and stable working capital cycle.

IRB Infrastructure Reports Strong Toll Revenue Growth in August 2023 - 11 Sep, 2023

IRB Infrastructure Developers Ltd reports a 24% YoY increase in toll revenue for August 2023, collecting a total of Rs 417.21 crore.

IRB Group Collects 11% of India's Toll Revenue - 04 Sep, 2023

IRB Infrastructure Developers Ltd has collected close to Rs. 5,000 crores toll revenue across its listed company and two InvITs, which is around 11% market share of the total toll revenue collected across India. The group has an asset base of around Rs. 70,000 crores, 13,739 lane kms under management, and enjoys the backing of marquee investors (Cintra and GIC) to help it realize its growth potential.

IRB Infrastructure Stocks Gain; Low ROE and High Debt Levels Raise Concerns - 24 Aug, 2023

IRB Infrastructure Developers Ltd's stock gains as low ROE and high debt levels raise concerns among investors.

IRB Infrastructure Toll Revenue Grows 14% in July - 14 Aug, 2023

IRB Infrastructure toll revenue grew by 14% to Rs 365 crore in July, with the IRB MP Expressway Pvt Limited contributing the major share. The addition of Nehru ORR and Hyderabad TOT projects is expected to improve numbers for Q2 and FY24.

IRB Infrastructure Expects 20% Growth in Toll Collection Revenue - 07 Aug, 2023

Despite a slowdown in e-commerce sales and fall in exports, IRB Infrastructure Developers Ltd expects its toll collection business revenue to grow by 20% YoY in 2023-24.

IRB Infrastructure Reports Steep Decline in Q1 Profit - 01 Aug, 2023

IRB Infrastructure Developers Ltd reported a 63.2% YoY decline in Q1 net profit to Rs 133.8 crore, with total revenue falling 15.1% to Rs 1,634.2 crore.

IRB Infra Reports Decline in Net Profit Despite Growth in Toll Collection - 31 Jul, 2023

IRB Infrastructure Developers Ltd reported a significant decline in net profit and total income despite an 18% YoY growth in toll collection. The company bagged the TOT concession for Jawaharlal Nehru outer ring road project in Telangana and executed the concession agreement for Samakhiyali Santalpur BOT Project in Gujarat.

Systematix Initiates Coverage on IRB Infra with Buy Call - 28 Jul, 2023

Brokerage firm Systematix has initiated coverage on IRB Infrastructure Developers Ltd with a buy call and a target price of ₹36.43, indicating a 43% upside potential. The brokerage expects strong growth in the foreseeable future driven by favourable industry tailwinds, government policies, strategic investors driving governance and bringing in technical expertise, deleveraged balance sheet, and market leadership.

IRB Infrastructure Developers Share Price Rises 100% in Three Years - 27 Jul, 2023

Despite a 17% fall in earnings per share and modest revenue growth, insider buying has boosted investor confidence. The share price softened by 2.9% last week.

IRB Infrastructure Developers Registers Toll Revenue Growth - 10 Jul, 2023

IRB Infrastructure Developers Ltd and its private InvIT, IRB Infrastructure Trust, have registered a toll revenue growth of 16% in June 2023. The aggregate toll revenue of both entities for Q1 FY24 was at Rs 1,183 crore, up from Rs 1,000 crore in the corresponding quarter of FY23.

IRB Infrastructure Developers Ltd Undervalued by 48% - 07 Jul, 2023

Based on a 2 Stage Free Cash Flow to Equity model, IRB Infrastructure Developers Ltd is potentially undervalued by 48%. The fair value estimate is ₹50.91 while the current share price is ₹26.35.